Durham University Business School is the business school of Durham University offering graduate and post-graduate degrees.  ( 20 min )

Homebuilder confidence moves into positive territory for the first time in nearly a year and UPS union workers threaten to strike if an agreement is reached. Here’s what investors need to know today.  ( 17 min )

A building society is a type of financial institution that provides banking and other financial services to its members.  ( 22 min )

The Manchester Business School (MBS) is the business school at the University of Manchester in Manchester, England.  ( 20 min )

A personal equity plan (PEP) was a scheme that gave U.K. residents the opportunity to invest in the stock market without paying tax.  ( 20 min )

Cash concentration and disbursement (CCD) is a type of electronic transfer, often used to transfer funds among remote locations and so-called concentration (i.e. collection) accounts.  ( 21 min )

Choosing a bank is rarely a one-off process, and there are a few critical factors to know before you make your decision. Here are the top three.  ( 24 min )

Peter Lynch is The legendary former Fidelity Magellan fund manager and author of the pioneering book on investing “One Up On Wall Street,” which will celebrate its 35th anniversary next year, He and Kerry Hannon, among other things, discussed what has changed since that book first came out.  ( 13 min )

Lilly says its acquisition of Dice for $48 a share would allow it to leverage the company's developing treatments for chronic diseases in immunology.  ( 22 min )

Wall Street’s focus has moved from Tesla’s price cuts to a more distant future of driverless vehicles. It may shift again.  ( 28 min )

Investment firm KKR will purchase up to 40 billion euros ($43.71 billion) of buy now, pay later (BNPL) loans originated by PayPal Holdings in Europe, the payments company said on Tuesday. Under the terms of the agreement, private credit funds and accounts managed by KKR will acquire substantially all of PayPal's European BNPL loan portfolio. After the deal closes, PayPal said it expects to allocate roughly $1 billion to incremental share repurchases in 2023, contributing to an updated outlook of nearly $5 billion in total share repurchases so far this year.  ( 6 min )

Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. "This investment reflects our commitment as Ukraine's long-term economic partner," Maksym Barabash, Chief Executive Officer of Philip Morris Ukraine, said in a statement. Ukraine is in dire need of foreign capital to rebuild and revamp its economy, hit hard by Russia’s invasion.  ( 7 min )

The exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab seeks business from those interested in digital assets but wary of troubles at FTX and Binance.  ( 30 min )

↘️ Alibaba (BABA): The Chinese e-commerce giant is replacing Chairman and Chief Executive Daniel Zhang with two successors, as it p  ( 20 min )

Stock futures slipped on Tuesday as wary investors eyed potential headwinds for the recent rally with markets set to resume after a holiday break.  ( 7 min )

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The central bank’s reverse repo fell below $2 trillion for the first time in more than a year.  ( 29 min )

(Bloomberg) -- Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share and struggling to revive growth in the post-Covid era.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapSearch Underway for Titanic-Wreck Submersible With Five CrewMass Immigration E  ( 8 min )

Alibaba says Daniel Zhang will be stepping down as chairman and chief executive, Philip Morris shares are upgraded, and FedEx is scheduled to report earnings after the closing bell Tuesday.  ( 22 min )

The world's second-largest economy is trying to jolt post-Covid growth, which has been sluggish since Beijing lifted pandemic restrictions.  ( 22 min )

Daniel Zhang Yong, the 51-year-old Chinese business executive, has announced his resignation as Alibaba Group Holding chairman and chief executive to focus on Alibaba Cloud, the digital technology and intelligence backbone of the group. Zhang will be succeeded as chairman by Joseph C. Tsai, who is currently executive vice-chairman, and Eddie Wu Yongming, chairman of Taobao & Tmall Group, will become CEO. Zhang will continue on at the company as chairman and CEO of Alibaba Cloud Intelligence Grou  ( 9 min )

Joseph Tsai will replace Zhang as chairman and Eddie Yongming Wu will become the chief executive.  ( 22 min )

The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over from Zhang as chairman. If anything, it emphasises the increasing importance of AI in the company's focus, while also underscoring that e-commerce is the core business unit.  ( 8 min )

(Bloomberg) -- One of Wall Street’s most bearish strategists isn’t giving in to the bullish about-turn in equities, saying investors may be in for “a rude awakening.”Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMorgan St  ( 8 min )

We’re winding up the first half of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor, and fortunately, the Street’s analysts make it easy. They are always ready to point out which stocks are their ‘Top Picks,’ and we can follow those recommendations. In this case, we’re looking at three stocks that have ‘top pick’ designation from the analysts, and also feature an attractive combin  ( 11 min )

(Bloomberg) -- UBS Group AG faces hundreds of millions of dollars in penalties following investigations by several regulators into Credit Suisse’s dealings with Archegos Capital, the Financial Times reported. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapSearch Underway for Titanic-Wreck Submersible With Five CrewMass Immigration Expe  ( 7 min )

German stocks led the decline among European peers on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its forecast, while a modest interest rate cut by China failed to lift investor sentiment. Germany's DAX index fell 0.5% by 0709 GMT, retreating farther from a record high it hit on Friday. The continent-wide STOXX 600 index fell 0.4%.  ( 6 min )

Asian shares mostly declined Tuesday as some investors took a wait-and-see attitude after U.S. markets were closed for a national holiday. Brent crude, the international standard, declined 26 cents to $75.83 a barrel.  ( 7 min )

China’s Alibaba Group has announced a major management reshuffle aimed at spurring the e-commerce giant's growth at a time when the Chinese economy is slowing despite an end to COVID-19 pandemic restrictions a half-year ago. Eddie Wu, chairman of its e-commerce group, will succeed Daniel Zhang as CEO, the company said in a statement Tuesday. Zhang will be CEO and chairman of Alibaba’s cloud computing unit, which has been approved to be spun off and is expected to be listed for trading within a year.  ( 7 min )

Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO.  ( 27 min )

Bill Gates and other tech-industry investors are backing AI-powered startup KoBold Metals.  ( 28 min )

European antitrust regulators are preparing to launch a formal investigation into software giant Adobe's $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail the deal altogether, FT said, citing people with knowledge of the move. EU regulators have earlier said that Adobe would need to secure European Union antitrust approval for the Figma deal even though the deal falls short of the EU turnover threshold for a review.  ( 7 min )

(Bloomberg) -- Alibaba Group Holding Ltd. announced a new chairman and chief executive, unveiling a surprise plan to replace Daniel Zhang at the helm of a company that’s been bleeding market share and struggling to revive growth in the post-Covid era.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canad  ( 7 min )

Investors have been ramping up bets against stocks—and they are getting burned.  ( 27 min )

Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make "flying cars". The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said in a statement. SkyDrive will establish a wholly owned subsidiary to make the aircraft and Suzuki will help with preparations for the manufacturing, including securing talent, the automaker said.  ( 5 min )

(Bloomberg) -- Stark Corp. Pcl, a Thai maker of electrical components engulfed in an accounting scandal, has cited Russia’s war in Ukraine as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress Made on  ( 8 min )

Stocks in Asia fell on Tuesday as investors worried China's latest rate cut was not enough to boost confidence in the weakening economy and awaited a wider stimulus package by Beijing. China, in a highly anticipated move, cut two key benchmark lending rates for the first time in 10 months on Tuesday, with its one-year loan prime rate (LPR) lowered by 10 basis points to 3.55% and the five-year LPR cut by the same margin to 4.20%. China's benchmark CSI edged down 0.03%.  ( 7 min )

(Bloomberg) -- Asian stocks are poised for a mixed open on Tuesday as the rally in global equities shows signs of wavering and investors fret over China’s tepid post-pandemic recovery.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Bets Big on Indian Travel  ( 8 min )

(Bloomberg) -- A world-beating rally in Chinese tech stocks this month is shoring up confidence that the once-beleaguered sector may finally see its fortunes reverse.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Makes Record 500-Plane Order With Airbus, Be  ( 9 min )

(Bloomberg) -- Mankind Pharma Ltd. has garnered the most analyst coverage of any new Indian stock in at least 12 years, as investors rush to buy the drug and condom maker following its May initial public offering.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndi  ( 7 min )

China cut two key benchmark lending rates for the first time in 10 months on Tuesday, as authorities seek to shore up a slowing recovery in the world's second-largest economy. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.55%, while the five-year LPR was cut by the same margin to 4.20% from 4.30%. A Reuters poll of 32 market participants showed all respondents expected reductions to both rates.  ( 5 min )

(Bloomberg) -- Treasuries dropped in Asia as they reopened following a US long weekend, extending a global slide that kicked off in the UK where investors grew concerned stubborn inflation will lead to more aggressive monetary tightening. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in  ( 6 min )

Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by China, with the world's second-largest economy widely expected to cut key rates to shore up a slowing recovery. Brent crude was 3 cents higher at $76.12 a barrel at 0041 GMT. U.S. West Texas Intermediate (WTI) crude was unchanged at $71.29 and there was no settlement on Monday due to a public holiday in the United States.  ( 7 min )

The withdrawal of Adam Gabor comes after a letter last week regarding his newest in-house attorney, Allison Huebert.  ( 6 min )

(Bloomberg) -- Woodside Energy Group Ltd. gave the go-ahead for a $7.2 billion oil field off Mexico, the Australian producer’s first major fossil fuel investment since acquiring BHP Group Ltd.’s petroleum business last year. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race f  ( 7 min )

Omwonenden van Tata Steel willen dat het bedrijf zijn uitstoot van zwaveldioxide verder terugdringt om de luchtkwaliteit in de IJmond te verbeteren. De provincie Noord-Holland heeft de uitstootnormen onder druk van het staalbedrijf versoepeld, claimden zij dinsdag voor de bestuursrechter in Haarlem.  ( 5 min )

Het minimumloon in Turkije gaat met terugwerkende kracht tot 1 juni met 34 procent omhoog naar 11.402 lira (441,84 euro). Het is niet de eerste keer dat de Turkse regering dat doet. Eerder dit jaar werd het minimumloon al verhoogd met 55 procent.  ( 3 min )

Omwonenden van Tata Steel willen dat het bedrijf zijn uitstoot van zwaveldioxide verder terugdringt om de luchtkwaliteit in de IJmond te verbeteren. De provincie Noord-Holland heeft de uitstootnormen onder druk van het staalbedrijf versoepeld, claimden zij dinsdag voor de bestuursrechter in Haarlem.  ( 5 min )

In 2022 maakten 57.113 woningkopers bij het afsluiten van hun hypotheek gebruik van de Nationale Hypotheek Garantie (NHG), een kwart minder dan een jaar eerder. Met die NHG kun je in aanmerking komen voor kwijtschelding van de restschuld als je je woning gedwongen moet verkopen door scheiding of baanverlies.  ( 3 min )

Carlos Ghosn, oud-topman van Nissan, Renault en Mitsubishi, eist bijna vier jaar na zijn spectaculaire ontsnapping uit Japan een grote schadevergoeding van de automaker. Hij werd in 2018 verdacht van fraude bij Nissan en vluchtte uit vrees voor een oneerlijk proces naar Libanon.  ( 3 min )

Netbeheerder TenneT zegt dat er voor 2030 batterijsystemen nodig zijn met een gezamenlijk vermogen van 9 gigawatt. Een gigawatt staat gelijk aan het vermogen van de kolencentrale op de Maasvlakte.  ( 4 min )

De rechten van consumenten op het gebied van veiligheid en privacy moeten centraal staan bij de ontwikkeling en het gebruik van kunstmatige intelligentie (AI). Consumentenorganisaties roepen toezichthouders daarom op om met regels en toezicht te komen.  ( 3 min )

Winkeliers in de sport-, mode- en schoenenbranche voelen de druk groeien door de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien ze de extra kosten niet volledig kunnen doorberekenen aan de klant.  ( 4 min )

Burgercollectieven en inwoners van de regio rond de Tata Steel-fabrieken in IJmuiden staan vandaag bij de bestuursrechter in Haarlem om strengere regels af te dwingen voor de staalmaker. Ze willen dat de uitstoot van het schadelijke gas zwaveldioxide meer wordt beperkt.  ( 3 min )

Nederland telt ruim 10.000 beveiligingsbedrijfjes. In 2018 waren dit er nog maar 3.800. Er komen vooral veel zzp'ers bij in de beveiligingsbranche.  ( 3 min )

Winkeliers in de sport-, mode- en schoenenbranche voelen de druk groeien door de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien ze de extra kosten niet volledig kunnen doorberekenen aan de klant.  ( 4 min )

Winkeliers in de sport-, mode- en schoenenbranche voelen zich steeds meer onder druk staan vanwege de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien zij de stijgende prijzen niet volledig kunnen doorberekenen aan de consument.  ( 4 min )

A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% last year, as they are increasingly left cash-strapped in a cooling economy while dealing with inflationary pressures. Even as the 'Great Resignation' continues, around 42% of the employees surveyed by PwC in its new study of the global workforce said they are planning to demand payrises to cope with the higher cost of living, up from 35% last year. Some 46% of respondents to the '2023 Hopes and Fears Global Workforce Survey', which polled 54,000 workers in 46 countries, said either that their households were struggling to pay bills every month, or that they could not pay bills most of the time.  ( 6 min )

With decades-long success on Wall Street, and personal wealth valued at ~$6.5 billion, legendary stock picker Ken Fisher obviously knows a thing or two about investing and what segments currently represent the best opportunities. The Fisher Investments founder recently shared his insightful recommendation for savvy investors, suggesting that investing in luxury goods stocks could be a smart and profitable move. Fisher believes that luxury goods companies have a unique ability to thrive even duri  ( 10 min )

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The SEC’s crackdown against altcoins is boosting Bitcoin’s share of the crypto market.  ( 6 min )

OPEC has had little luck pushing up crude prices  ( 9 min )

Last month, State Farm left the market, citing rising construction costs and increased wildfire exposure.  ( 7 min )

Intel has unveiled a multibillion-euro spending spree in Germany as part of nearly £50bn in microchip investments across Europe and Israel announced just days apart.  ( 8 min )

Housing expert outlines the three things that must happen to make homes affordable again.  ( 8 min )

Berkshire now holds an estimated $20 billion of the five companies after sharp gains in their share prices.  ( 22 min )

So-called priest asked employees to confess about being late, if they had stolen or had "bad intentions" toward their employer.  ( 7 min )

When asked what they considered wealthy, Americans surveyed by Charles Schwab came back with an average of $2.2 million.  ( 9 min )

Intel and the German government on Monday signed a deal that would see the U.S. company investing more than 30 billion euros ($32.8 billion) in a chip manufacturing site in the German city of Magdeburg, with financial support from Berlin. Word of the agreement came as German Chancellor Olaf Scholz met Intel CEO Pat Gelsinger in the German capital.  ( 7 min )

It has owned the spirits brand in full since 2004.  ( 14 min )

The brewer is at the Cannes Lions to collect its second annual marketer-of-the-year honor, calling recent controversy around a Bud Light promotion a “wake-up call” for the industry.  ( 29 min )

According to the report, when SVB failed in March, the FDIC stepped in to protect all of the California bank's U.S. deposits and arranged a sale of the lender's U.S. customer accounts, branches and loans to First Citizens Bancshares. Left out of that deal was SVB's branch in the Cayman Islands, which had deposits from the bank's clients in China, Singapore and other parts of Asia, including venture-capital and private-equity firms with funds that domiciled in the British overseas territory, the report said.  ( 7 min )

Rolling over a 401(k) is something you might consider if you're planning to retire or just changing jobs and don't want to leave your savings behind. When deciding where to move retirement assets, a certificate of deposit is one you … Continue reading → The post Can You Transfer a 401(k) to a CD Without Penalty? appeared first on SmartAsset Blog.  ( 10 min )

Investing in forest land suitable for producing lumber can provide you income, diversification, inflation protection and more. Timber investing requires careful study of the industry, market and individual parcels, and it's generally a long-term play, with years required to realize … Continue reading → The post Timber Investments: Real Asset Investment Guide appeared first on SmartAsset Blog.  ( 8 min )

If you're a small business owner, you've probably already suffered through a few tax seasons. While taxes for individuals can be complex, filing business taxes is arguably even more challenging. Hiring a CPA, a certified public accountant, can help, but … Continue reading → The post How Much Does a CPA Cost for a Small Business? appeared first on SmartAsset Blog.  ( 8 min )

Nursing home care can be extremely expensive. According to Genworth's 2021 Cost of Care Survey, the median monthly cost of a private room is a nursing home is $9,034. That's over $100,000 a year! And most people will need nursing … Continue reading → The post How to Pay for Nursing Home Care appeared first on SmartAsset Blog.  ( 9 min )

When someone passes away, there can be plenty of questions over who gets what, especially if there's a home in the mix. An often-overlooked question centers on who is responsible for paying property taxes when the owner dies. A delinquent … Continue reading → The post Who's Responsible for Paying Property Taxes When the Owner Dies? appeared first on SmartAsset Blog.  ( 9 min )

For 79 years, if you wanted the right to invest in early-stage companies like Apple in the 1970s, Facebook in 2004, or Airbnb in 2009, you had to be an “accredited investor.” The concept came from a 1933 law that created the U.S. Securities & Exchange Commission (SEC) to guard against some of the excesses on Wall Street that had led to the 1929 crash and the ensuing Great Depression. Don’t Miss: Why Silicon Valley Elites Are Betting On This Startup's Vision For Reuniting American Families The Se  ( 8 min )

The euro has pulled back slightly during the trading session on Monday, as gravity is starting to jump into this market.  ( 7 min )

Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.  ( 8 min )

Destiny Tech100 disclosed a $454,700 paper gain on its $14 million investment in Elon Musk’s SpaceX, which is currently privately held.  ( 22 min )

Nike and others are selling through traditional retailers they once shunned.  ( 28 min )

Customers of Silicon Valley Bank’s Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.  ( 30 min )

The Bank of England is racing to prevent future bond market crunches hitting mortgages and business lending, as interest rate rises put the economy under increasing strain.  ( 7 min )

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The US is unprepared in the battle to compete with China on electric cars, the boss of Ford has warned.  ( 6 min )

Warren Buffett has been open about the fact he's not "done" with Japan—and his latest move proves it.  ( 8 min )

Across affluent countries, central bankers are sharply lifting inflation forecasts and warning investors that interest rates will stay high for some time.  ( 29 min )

Federal Reserve Chairman Jerome Powell is due to testify before both the House and Senate this week, it could prove to be a catalyst for cryptocurrencies.  ( 22 min )

Fisker, the electric carmaker founded by the Danish auto designer Henrik Fisker, is gearing up to enter the Chinese market where competition is increasingly cut-throat, following in the footsteps of another brave American player Lucid. Fisker plans to open a delivery center in China this year and commence deliveries of the Fisker Ocean SUV, its first all-electric model, in Q1 2024, according to a recent company announcement. It also aims to start manufacturing in China as early as next year with the potential to add 75,000 Ocean SUVs to its production capacity.  ( 8 min )

Most S&P 500 companies said their median worker was paid more in 2022, and about 100 of them said the pay rose at least 10%.  ( 25 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Bitcoin and Ether rose during Monday afternoon trading hours in Hong Kong, while most of the top 10 non-stablecoin cryptocurrencies by market capitalization declined. Risk appetite remained low after the U.S. Securities and Exchange Commission (SEC) sued Binance and Coinbase two weeks ago.  ( 7 min )

Savers are shocked that some banks and credit unions changed the rules when it comes to cashing savings bonds. The reason? An uptick in phony bonds.  ( 11 min )

After a week dominated by central banks, this week will see them remain in focus as Federal Reserve Chairman Jerome Powell delivers two days of Congressional testimony and the Bank of England makes its latest rate decision.  ( 22 min )

The German government scheduled the signing of an agreement with Intel for 1245 GMT on Monday, capping off talks over a new chip-making complex on German soil. Berlin has not confirmed how much state funding the company is set to receive for the project in the central German city of Magdeburg. The Handelsblatt business daily reported last week thatthe U.S. company is expected to receive 9.9 billion euros($10.84 billion) in subsidies, up from a previously promised sumof 6.8 billion euros.  ( 6 min )

(Bloomberg) -- Homesellers in London cut prices more than any UK region in June as surging borrowing costs stretched affordability in the country’s most expensive property market, a survey found. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAsking prices  ( 8 min )

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Japan's financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge of the matter. The Financial Services Agency's (FSA) request, which has not been previously reported, is to ensure Japan's megabanks are thinking about the risks and are prepared to respond if the geopolitical situation worsens, including over the issue of Taiwan's political status, said three of the sources. Japanese megabanks Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group have a combined $6.5 trillion in assets, according to Refinitiv.  ( 8 min )

(Bloomberg) -- Berkshire Hathaway Inc. raised its stake in five of Japan’s trading houses to an average of over 8.5%, in a move to double down on some of Warren Buffett’s favorite stocks.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesBerkshire holds stakes in Itochu Corp., Ma  ( 7 min )

(Bloomberg) -- Singapore plans to more aggressively regulate electricity markets as price jumps intensify, again threatening to hurt the retailers that sell it to businesses and households.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankThe Energy Market Aut  ( 6 min )

Here is your Pro Recap of the biggest analyst picks and cuts you may have missed since Friday: Downgrades at ASML and Applied Materials, upgrades at Abcam and West Pharmaceutical, and initiation at LendingClub. ASML (NASDAQ:ASML) shares fell more than 2% on Friday after New Street Research downgraded the company to Neutral from Buy, as InvestingPro reported in real-time. New Street Research downgraded Applied Materials (NASDAQ:AMAT) to Neutral from Buy on Friday.  ( 7 min )

(Bloomberg) -- The rally in equities will come under pressure in the second half of the year if gains in growth shares stall and rotation into cyclicals doesn’t continue, according to JPMorgan Chase & Co. strategists.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investme  ( 7 min )

(Bloomberg) -- Sweden’s beleaguered property sector suffered another blow late on Friday night when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesStockholm-based Fas  ( 6 min )

China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy. Recent economic data showed the retail and factory sectors struggling to sustain the momentum seen in the first quarter, raising concerns China's post-COVID comeback could ground to a halt this year and trigger massive job losses. The People's Bank of China (PBOC) lowered short- and medium-term policy rates last week, signalling it is about to embark on another round of loosening in monetary settings in a push to rev up the recovery.  ( 7 min )

Berkshire announced stakes in Itochu, Marubeni, Mitsubishi Corp, Mitsui & Co and Sumitomo in 2020 and adding in line with plans to hold the stakes long term and increase them as far as 9.9%. Buffett's investments and his optimism about Japan's prospects have drawn attention to improving economic conditions and shareholder-friendly corporate governance reforms that have helped underpin a sparkling rally in the Nikkei share average.  ( 7 min )

Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool inflation.  ( 8 min )

Investors can’t agree on whether the rally looks like a repeat of 1999 or the start of something bigger.  ( 29 min )

The head of the lidar start-up isn't happy with the performance of his company's stock. Shares are down 86% from record highs reached in December 2020.  ( 22 min )

A record 1.5m over-65s are still in the workforce as the cost of living crisis puts retirement out of reach for many.  ( 8 min )

It's been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Markets are watching U.S. Secretary of State Antony Blinken's visit to Beijing, though you know expectations are low when it's newsworthy that a Chinese diplomat deigned to shake his hand. Further losses look likely unless and until the Bank of Japan takes another step toward tightening, which many Western analysts see as possible in July.  ( 8 min )

Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool inflation.  ( 9 min )

Juneteenth is celebrated yearly on June 19.  ( 22 min )

Tesla CEO Elon Musk has denied allegations of owning Dogecoin wallets connected to insider trading amid an ongoing class action lawsuit.  ( 6 min )

(Bloomberg) -- Oil edged lower following its first weekly gain this month, as investors start to focus on the outlook for the second half of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesWest Texas Intermediate fell toward $71 a barrel after climbing by more than 2%  ( 6 min )

When Steven Du took over his parents' factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant's heating in winter - something his frugal forebears were reluctant to do. "If you don't improve their environment, the workers aren't as happy and it's harder for them to do their best work," the 29-year-old said. Du, like tens of thousands of other young Chinese factory bosses, is inheriting a basic manufacturing business that can no longer rely on the labour-intensive model that made China the world's largest exporter of goods.  ( 10 min )

The Indian rupee will likely extend its gains this week due to persistent dollar inflows, although demand from importers could cap the rise, while government bond yields could edge higher after the hawkish comments from major global central banks. The local unit hit 81.8825, its highest since May 11, on Friday on broad weakness in the dollar index as well as likely corporate dollar inflows. The dollar index, conversely, hit a five-week low after the European Central Bank's hawkish views and rising bets that the Federal Reserve would scale back its aggressive policy stance.  ( 7 min )

(Bloomberg) -- JD.com Inc. aims to create seven listed firms with market values of at least $14 billion apiece, outlining aggressive targets spanning two decades as it wrapped its signature 2023 sales gala with another record haul.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsTucker Carlson's Fox Defense Crumbled When He Took MillionsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend Ti  ( 8 min )

Bitcoin dipped on Monday morning in Asia after reclaiming US$26,000 support over the weekend. Ether also fell back but held above US$1,700.  ( 8 min )

Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude lost 68 cents to trade at $75.93 a barrel by 0042 GMT, while U.S. West Texas Intermediate (WTI) crude was down 59 cents to $71.19. Last week, Brent posted a gain of 2.4% and WTI rose 2.3%.  ( 7 min )

Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and U.S. Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead. In Asia, Japan's Nikkei fell 0.5%, having clinched a fresh three-decade top on Friday, buoyed by the Bank of Japan's (BOJ) decision to leave its ultra-easy policy setting unchanged, which has sent the yen to a 7-month low against the U.S. dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1% lower, after hitting a four-month high on Friday and finishing up 3% for the week, the best since January.  ( 8 min )

(Bloomberg) -- The Australian dollar and US equity futures rose in early Asian trading Monday amid signs of improving ties between the US and China, while contracts for benchmarks in Asia showed muted moves.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesThe Australian dollar  ( 9 min )

(Bloomberg) -- When it comes to trading the artificial intelligence frenzy, one top-performing global equity fund is winning big by scouting out some out-of-the-box ideas.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Bets Big on Indian Travel Boom With Rec  ( 8 min )

(Bloomberg) -- When it comes to trading the artificial intelligence frenzy, one top-performing global equity fund is winning big by scouting out some out-of-the-box ideas.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesFairlight Asset Management’s Nick Cregan invests in compan  ( 8 min )

The different categories of debt within a consumer’s credit history, such as credit cards and loans, are collectively called a credit mix.  ( 23 min )

Blue sheets are requests sent by regulators to market makers and brokers for information on trading activity to spot fraud and insider trading.  ( 19 min )

SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning.  ( 31 min )

The Fair Credit Billing Act (FCBA) is a 1974 law that protects consumers from unfair billing practices.  ( 22 min )

Porter's 5 Forces is a model that identifies and analyzes the competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.  ( 25 min )

Unlevered cost of capital is an evaluation of a capital project's potential costs made by measuring costs using a hypothetical or debt-free scenario.  ( 19 min )

M1 Finance and Betterment are two top robo-advisors offering different services. Betterment is better for setting financial goals and M1 is better for automated investing.  ( 27 min )

Finding the right house is only half the battle. The other half is choosing the best type of mortgage. Learn how to pick a mortgage based on your needs.  ( 29 min )

"Quid" is a nickname for the British pound, also called the pound sterling, the national currency of the United Kingdom.  ( 21 min )

Some public service jobs pay far above the national average and also come with good benefits and job security.  ( 20 min )

Learn about the many benefits of research and development (R&D) efforts for companies in competitive markets, including the less-obvious advantages.  ( 20 min )

Feedback occurs when outputs of a system are routed back as inputs; negative feedback describes how the system's process produces negative effects.  ( 20 min )

Money market funds are a safe, if not highly profitable, place to put money. But there's no FDIC insurance and fees can be high. Choose your fund with care.  ( 26 min )

The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization of accounting professionals.  ( 21 min )

SONIA (Sterling Overnight Index Average) is the effective overnight interest rate for unsecured transactions in the British sterling market.  ( 21 min )

A cashier’s check is a check written by a financial institution on its own funds, signed by a representative, and made payable to a third party.  ( 26 min )

A Monte Carlo simulation allows analysts and advisors to convert investment chances into choices by factoring in a range of values for various inputs.  ( 21 min )

International Commodities Clearing House (ICCH) was an independent clearing house that preceded the British London Clearing House Ltd (LCH).  ( 20 min )

Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.  ( 20 min )

Certificates of deposit (CDs) and stocks vary in their risks, potential returns, and flexibility. In this guide, we'll explain their key differences.  ( 23 min )

Understand how a value-added tax (VAT) works, how it differs from a sales tax, and the arguments for and against it.  ( 25 min )

The London Interbank Offered Rate, or LIBOR, is the interest rate used by major banks in the market for short-term loans.  ( 27 min )

Loan officers and mortgage brokers can both help you get a mortgage, but you need to know the differences between them.  ( 22 min )

A balance-to-limit ratio is the amount of money you owe on your credit cards compared to your credit limit. Learn how lenders use a balance-to-limit ratio.  ( 21 min )

Top penny stocks this month include Ardelyx Inc., Snowline Gold Corp., and Quadian Inc., which have all more than doubled in the last year.  ( 20 min )

The employment-population ratio between Black and White workers has equalized, but it remains to be seen whether the progress will outlast the current hot labor market.  ( 17 min )

The Working Tax Credit (WTC) is a tax credit offered to low-income individuals working in the United Kingdom.  ( 22 min )

Gilts are bonds that are issued by the British government and generally considered low-risk equivalent to U.S. Treasury securities.  ( 22 min )

The private sector is the part of the economy that is not state controlled and is run by individuals and companies for profit.  ( 22 min )

Getting a suspended driver’s license reinstated as quickly as possible will depend on your state and the reason for your suspension. Here’s how.  ( 23 min )

An outstanding check draws on the funds in an individual’s or business’ bank account but has not yet been cashed or deposited by the payee.  ( 23 min )

Combine trailing stops with stop-loss orders to reduce risk and protect profits.  ( 25 min )

Learn how imports and exports have a profound influence on the economies of nations.  ( 26 min )

A contract for differences (CFD) is a marginable financial derivative that can be used to speculate on very short-term price movements for a variety of underlying instruments.  ( 25 min )

There are big differences between financial accounting and managerial accounting, including why one is highly uniform and the other unique.  ( 23 min )

Project management involves the planning and organizing of a company's resources to move a specific task, event, or duty toward completion.  ( 22 min )

Goederentreinen hebben afgelopen jaar een recordhoeveelheid vracht vervoerd. Dit komt vooral doordat 28,6 procent meer kolen zijn vervoerd.  ( 3 min )

IndiGo, de Indiase maatschappij waar voormalig KLM-topman Pieter Elbers nu de scepter zwaait, heeft vijfhonderd vliegtuigen besteld bij Airbus. De megaorder is bekendgemaakt op de eerste dag van de Parijse vliegshow Le Bourget.  ( 3 min )

Intel gaat ruim 30 miljard euro investeren in twee chipfabrieken in Duitsland. Daarbij krijgt het bedrijf miljarden aan subsidies van de Duitse staat, dat meer productie binnen de eigen landsgrenzen wil. Onder meer de Duitse auto-industrie heeft veel computerchips nodig.  ( 3 min )

IndiGo, de Indiase maatschappij waar voormalig KLM-topman Pieter Elbers nu de scepter zwaait, heeft vijfhonderd vliegtuigen besteld bij Airbus. De megaorder is bekendgemaakt op de eerste dag van de Parijse vliegshow Le Bourget.  ( 2 min )

Windpark Hollandse Kust Noord, van Shell en Eneco, heeft vandaag voor het eerst stroom geproduceerd. De groene energie is via een netverbinding van TenneT aan land gebracht.  ( 3 min )

Starters op de woningmarkt maken meer kans op een huis als vastgoedbeleggers niet mogen meebieden. Dat blijkt uit onderzoek van het Kadaster en de Erasmus Universiteit Rotterdam. Voor huurders kan het juist minder gunstig zijn, omdat er minder huurwoningen zijn.  ( 4 min )

De Nederlandse economie koelt dit jaar flink af maar blijft met een groei van 0,8 procent stabiel. Consumenten geven minder uit vanwege de torenhoge inflatie en onze export groeit minder hard door de terugval van de wereldhandel. Afgelopen jaar was nog sprake van een groei van 4,5 procent.  ( 4 min )

Telecomprovider KPN heeft glasvezelnetwerken in Den Haag, Rotterdam en Eindhoven gekocht van investeringsfonds Primevest. Dat is opvallend, want de geldschieter heeft die netwerken eerder samen met T-Mobile aangelegd.  ( 4 min )

Bedrijven als ANWB en NS willen dat er meer geld beschikbaar komt voor het verduurzamen van het vervoer.  ( 3 min )

Nederland heeft inmiddels meer dan 500.000 laadpunten voor elektrische auto's. Het gaat om openbare laadplekken, laders bij mensen thuis en semipublieke laadpunten. Dat zijn punten die voor een bepaalde doelgroep toegankelijk zijn, zoals bij een supermarkt of op het werk.  ( 3 min )

De Amerikaanse vliegtuigbouwer Boeing verwacht de productie van de 737 MAX-toestellen te verhogen tot 38 per maand. De toelevering blijft een uitdaging, maar het concern heeft stappen gezet om de problemen aan te pakken.  ( 3 min )

Bedrijven als ANWB en NS willen dat er meer geld beschikbaar komt voor het verduurzamen van het vervoer.  ( 3 min )

Vooral jongeren hebben een grote kans om weer aan het werk te gaan als ze werkloos zijn. Mensen die ouder dan 65 jaar zijn of een ziekte of aandoening hebben, maken beduidend minder kans.  ( 5 min )

Vanaf vandaag kunnen studenten in het hoger onderwijs weer een basisbeurs aanvragen. Na acht jaar leenstelsel is de basisbeurs nu terug van weggeweest.  ( 4 min )

De Italiaanse regering heeft maatregelen genomen om te voorkomen dat een Chinees staatsbedrijf de controle krijgt over bandenfabrikant Pirelli, een van de bekendste bandenleveranciers van de Formule 1.  ( 3 min )

Vanaf vandaag kunnen studenten in het hoger onderwijs weer een basisbeurs aanvragen. Na acht jaar leenstelsel is de basisbeurs nu terug van weggeweest.  ( 3 min )

Het afgelopen jaar waren er 1,6 miljoen nieuwe vacatures in ons land en dat is het hoogste niveau sinds 1997 toen de meting begon. Ten opzichte van 2021 is er sprake van een toename van 143.000 vacatures.  ( 4 min )

Vooral jongeren hebben een grote kans om weer aan het werk te gaan als ze werkloos zijn. Mensen die ouder dan 65 jaar zijn of een ziekte of aandoening hebben, maken beduidend minder kans.  ( 4 min )

Nederlandse banken gaan nauw samenwerken om consumenten beter te helpen als die niet (meer) in staat zijn hun bankzaken te regelen. Het gaat dan om bijvoorbeeld ouderen en mensen die het Nederlands niet goed beheersen of digitale vaardigheden missen. Er komen meer gezamenlijke bankinformatiepunten waar mensen terecht kunnen voor advies.  ( 6 min )

Though eBay is free for buyers, the $20 billion company generates significant revenue from its sellers and through advertisements.  ( 20 min )

The efficient market hypothesis (EMH) theorizes that the market is generally efficient, but offers three forms of market efficiency: weak, semi-strong, and strong.  ( 23 min )

Shareholder equity (SE) is the stock owners' claim after total liabilities are subtracted from total assets. The number is used as a measure of a company's financial health.  ( 24 min )

Deferred revenue is an advance payment for products or services that are to be delivered or performed in the future.  ( 22 min )

A credit spread reflects the difference in yield between a treasury and corporate bond of the same maturity. It also refers to an options strategy.  ( 23 min )

An air waybill (AWB) is a document that accompanies goods shipped by an international air courier to provide detailed information about the shipment.  ( 21 min )

The Bahamian dollar (BSD) is the national currency of the Commonwealth of The Bahamas.  ( 18 min )

The Rule of 72 determines how long an investment will take to double given a fixed annual rate of interest.  ( 24 min )

Learn what this phrase means and how to spot it in a company's financial statements.  ( 20 min )

Closing time lines for mortgages have gotten longer over the last several years. Learn the latest closing time lines and what you can do to speed them up.  ( 22 min )

The Secondary Mortgage Market Enhancement Act is an act passed in 1984 to meet growing demand for mortgage credit.  ( 19 min )

Brokered certificates of deposit are CDs that can be traded on the secondary market. Learn how brokered CDs work.  ( 21 min )

Unlimited bond purchase programs involve open-ended commitments by central banks to purchase distressed government debt.  ( 19 min )

A seed stock is any stock which represents a company that develops and produces seeds for planting crops.  ( 19 min )

A put swaption is a position on an interest rate swap that allows an entity to pay a fixed rate of interest and receive a floating rate of interest.  ( 18 min )

Factory orders are economic indicators of the dollar value for durable and non-durable goods.  ( 18 min )

As implied volatility increases, call and put option prices go up. When implied volatility decreases, option prices go down.  ( 23 min )

Puerto Rican rapper Bad Bunny had a net worth of $88 million as of 2022 and has earned millions from his record-breaking tours, and lucrative endorsements with brands like Adidas, Cheetos, and Pepsi.  ( 19 min )

Accelerated amortization occurs when a borrower makes extra payments toward their mortgage principal, speeding up the settlement of their debt.  ( 19 min )

Two solid options. The right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.  ( 27 min )

A Schedule II bank is a subsidiary of a foreign bank that is authorized to accept deposits within Canada and is regulated by the federal Bank Act.  ( 19 min )

iShares Gold Trust Micro offers the lowest fees, Invesco DB Precious Metals Fund has the best return, and SPDR Gold Trust is the most liquid.  ( 19 min )

iShares Core S&P 500, Vanguard S&P 500, and SPDR Portfolio S&P 500 are tied for lowest fees, while SPDR S&P 500 is the most liquid.  ( 21 min )

Bank fees are nominal fees for a variety of account set-up and maintenance, and minor transactional services for retail and business customers.  ( 22 min )

When you earn interest on a certificate of deposit, you must report it as income and pay taxes on it.  ( 22 min )

Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first.  ( 24 min )

An illiquid option is a contract that cannot be sold for cash quickly at the prevailing market price. Illiquid options have very low or no open interest.  ( 18 min )

Surprisingly, opening a Swiss bank account is not that much different from opening a standard bank account.  ( 21 min )

Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned. Learn more.  ( 24 min )

An employee stock purchase plan (ESPP) is a company-run program in which participating employees can buy company shares at a discounted price. Learn how it works.  ( 22 min )

The annual equivalent rate (AER) is the interest rate for a savings account or investment product that has more than one compounding period.  ( 23 min )

A with approved credit statement is a qualifier used in advertisements that protects the advertiser against accusations of misleading customers.  ( 18 min )

Hard money and soft money are terms often used to describe currency and also refer to political contributions in the United States.  ( 24 min )

From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. Financial professionals are among the highest-paid workers in communist China and their wealth and flashy lifestyles have often come under criticism from the public on social media as the economy slows, drawing Beijing's ire as well. China's top graft-busting watchdog earlier this year vowed to eliminate ideas of a Western-style "financial elite" and rectify the hedonism of excessive pursuit of "high-end taste".  ( 9 min )

China's interest rate decision. The People's Bank of China is likely to cut its one- and five-year loan prime rate (LPR) lending rates by 10 basis points to 3.55% and 4.20%, respectively, its latest attempt to bolster China's creaking economy and steer it away from deflation.  ( 8 min )

Companies should encourage workers to come forth with their A.I. use, says Ethan Mollick, not punish them.  ( 7 min )

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Earnings reports from FedEx, Darden, FactSet, Accenture, and CarMax. Plus, housing data, leading economic indicators, a BofE interest rate decision, and Powell testimony.  ( 22 min )

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(Bloomberg) -- Intel Corp. has agreed in principle to build a $25 billion manufacturing plant in Israel in what Prime Minister Benjamin Netanyahu hailed as the largest ever foreign investment in the country.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderEr  ( 7 min )

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A “rising tide” of City investors are set to replace small-time buy-to-let landlords who are being driven out of the market by higher interest rates, experts have said.  ( 6 min )

The SEC was always the industry’s bete noire, but is it now the final battle?  ( 7 min )

The Fed is moving away from emergency-mode. This bodes well for financial markets if it means efforts to further tighten financial conditions are coming to an end.  ( 13 min )

The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire the investment banking business for a combination of cash, repayment of an intercompany note, and a 5% equity instrument, the company said. The deal comes after the Federal Deposit Insurance Corporation (FDIC) took over Silicon Valley Bank in March after depositors rushed to pull out their money in a bank run that wiped out more than half the market value of several U.S. regional lenders and triggered the worst banking crisis since 2008.  ( 7 min )

The post-covid economy was meant to roar. But it is faltering again  ( 10 min )

(Bloomberg) -- For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderNYC Air Quality Improves to Moderate Rating From ‘Unhealthy’The world’s second-largest bullion p  ( 9 min )

There are thousands of publicly traded companies on Wall Street’s stock exchanges, tens of thousands of investors buying and selling practically every hour, and more thousands of professional stock analysts watching every detail of these transactions. It’s enough raw data that even Mr. Spock would have trouble calculating the odds in his head. Spock would turn to the Enterprise computer, which we haven’t got – but we do have the Smart Score, a sophisticated data parsing and collation tool, power  ( 12 min )

If you've looked at the investment options in your workplace 401(k) retirement plan, chances are you'll see mutual funds that put your money into stocks, bonds or cash and cash equivalents. Those have been the options available ever since 401(k) … Continue reading → The post Here's One Easy Way to Boost Your 401(k) By 8% appeared first on SmartAsset Blog.  ( 8 min )

Semi-annual testimony from Fed Chair Jay Powell and earnings from FedEx will be the highlight for investors in a holiday-shortened week ahead as the market rally continued last week as the end of the second quarter approaches.  ( 10 min )

For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.  ( 11 min )

A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 8 min )

Annuities are an ideal option for investors seeking regular income in retirement. They pay out a fixed stream of payments on a monthly or annual basis that you can never outlive. Here's how much you'd get per month if you … Continue reading → The post How Much Does a $50,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 8 min )

Let's say you want to retire early, at age 55. Is $5 million enough to achieve your goal? While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for … Continue reading → The post Is $5 Million Enough to Retire at 55? appeared first on SmartAsset Blog.  ( 8 min )

Medicaid can pay for long-term care if you meet its means-testing restrictions. The federal-state program is designed to help only people of limited financial means. However, people with more substantial assets can use three different strategies to shield those assets … Continue reading → The post 3 Ways to Protect Assets from Medicaid appeared first on SmartAsset Blog.  ( 8 min )

If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.  ( 8 min )

Sales tax on large purchases, like a car, is crucial to factor into the price. Depending on where you live and the price of your car, sales tax can cost you thousands of dollars. But did you know there are … Continue reading → The post How to Legally Avoid Paying Sales Tax on a Used Car appeared first on SmartAsset Blog.  ( 9 min )

As inflation and interest rates have increased, the rates paid on cash deposits have barely budged – until now. With inflation averaging more than 8% for 2022, the Federal Reserve increased interest rates several times, hiking the benchmark federal funds rate … Continue reading → The post You Can Now Get an Easy 5% Return on Your Cash With No Risk appeared first on SmartAsset Blog.  ( 8 min )

Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.  ( 9 min )

iShares Gold Trust Micro offers the lowest fees, Invesco DB Precious Metals Fund has the best return, and SPDR Gold Trust is the most liquid.  ( 19 min )

(Bloomberg) -- The Federal Reserve’s decision to stop its interest-rate hikes, at least temporarily, is a break for consumers who’ve watched everything from their credit cards to mortgages get more expensive. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo Order  ( 9 min )

(Bloomberg) -- The world’s riskiest sovereign bonds are having a moment as Wall Street investors seek out high yields from countries showing early signs of market-friendly pivots.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderEric Schmidt Buys Abandoned Al  ( 8 min )

iShares Core S&P 500, Vanguard S&P 500, and SPDR Portfolio S&P 500 are tied for lowest fees, while SPDR S&P 500 is the most liquid.  ( 21 min )

Many lenders are revising down their estimates of a key measure of profitability as they pay more to bring in deposits.  ( 10 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country's huge, wobbling debt deal, key to avoiding default on billions in looming debt payments. But with net foreign currency reserves estimated to be in negative territory, hit by a major drought that sunk the key soy and corn harvests, Argentina is at risk again of missing debt repayments, with $2.7 billion due to the fund this month alone. Economy Minister Sergio Massa is expected in Washington as early as this week to try to unlock talks to accelerate IMF disbursements and ease economic targets attached to the deal, with investors and traders watching closely.  ( 7 min )

The biannual 2023 Paris Air Show starts Tuesday and runs through June 25. It's the first since 2019 after a Covid-related cancellation in 2021.  ( 22 min )

(Bloomberg) -- Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most aggressive tightening campaign in decades, with investors watching for clues on whether central bankers are indeed leaning toward further interest-rate hikes.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment  ( 10 min )

Jack Ma, the billionaire founder of Alibaba Group Holding, made a rare public appearance on Saturday in the eastern Chinese city of Hangzhou to chat with the finalists of an annual global mathematics competition organised by the company's in-house research unit. According to a statement from the e-commerce giant's Damo Academy, Ma discussed the "understanding of mathematics" with finalists of the 2023 Alibaba Global Mathematics Competition. This marks the second time that the 58-year-old entrepr  ( 8 min )

Intel Corp will build a new factory in Israel worth $25 billion, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027 and will employ thousands of people, Israel's Finance Ministry said, adding that under the deal Intel will pay up a 7.5% tax rate, up from the current 5%. There was no immediate comment from Intel in Israel.  ( 6 min )

Nearly two-thirds of U.S. adults age 65 and older have money in stocks.  ( 27 min )

After more than a year of rapid rises in mortgage rates, relief is in sight—but lower rates may not come as quickly as prospective buyers would like, economists say.  ( 22 min )

A billionaire bungalow tycoon has been plunged into a bankruptcy row amid allegations of a trail of unpaid debts.  ( 7 min )

Companies are resisting layoffs even as economic weakness looms.  ( 29 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- Hong Kong is betting that a new program allowing investors to trade equities in the yuan on top of its local currency will help revive its flagging stock market and boost turnover that’s hovering at a four-year low.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAfrica’s Richest Ci  ( 8 min )

De Turkse lira is na de verkiezingen in een vrije val geraakt. De munt is maar liefst 20 procent van zijn waarde verloren ten opzichte van de euro. Hoe diep kan de lira nog zakken? En welke koers gaat de Turkse centrale bank varen?  ( 5 min )

Het Amerikaanse chipconcern Intel gaat voor 25 miljard dollar (22,8 miljard euro) een nieuwe fabriek bouwen in Israël. Dat zei de Israëlische premier Benjamin Netanyahu zondag. Volgens hem gaat het om de grootste internationale bedrijfsinvestering ooit in Israël.  ( 3 min )

Ondanks maatschappelijke druk op Shell om te vergroenen, liet de CEO van het bedrijf afgelopen week weten dat de olieproductie niet verder omlaaggaat. Het bedrijf zegt voor te lopen op de doelen om uitstoot te verlagen. Maar Amerikaanse aandeelhouders drukken ook hun stempel.  ( 5 min )

Ondanks maatschappelijke druk op Shell om te vergroenen, liet de CEO van het bedrijf afgelopen week weten dat de olieproductie niet verder omlaaggaat. Het bedrijf zegt voor te lopen op de doelen om uitstoot te verlagen. Maar Amerikaanse aandeelhouders drukken ook hun stempel.  ( 5 min )

De topman van het Franse olie- en gasconcern TotalEnergies vindt de kritiek van klimaatactivisten dat het bedrijf aan 'greenwashing' zou doen oneerlijk. Volgens Patrick Pouyanné steekt TotalEnergies juist veel geld in duurzame energiebronnen en onder meer de aanleg van laadpalen voor elektrische auto's.  ( 3 min )

De Duitse economie zal dit jaar niet groeien. Die verwachting heeft de Duitse industrievereniging BDI uitgesproken in de krant Frankfurter Allgemeine Zeitung.  ( 2 min )

Boeing verwacht dat het aantal vliegtuigen in de lucht de komende twintig jaar verdubbelt. Dat meldt de Amerikaanse vliegtuigbouwer aan de vooravond van het Internationale Lucht- en Ruimtevaartsalon (SIAE) in het Franse Le Bourget.  ( 3 min )

Het kabinet is niet van plan om het voorbeeld te volgen van nabijgelegen landen die iets aan de hoge prijzen van boodschappen proberen te doen. Zo heeft Frankrijk maatregelen aangekondigd en wil de Belgische minister van Economie fabrikanten dwingen hun prijzen te temperen.  ( 6 min )

Odious debt is money that a new government does not want to repay on the grounds of the previous borrowing government's alleged bad actions.  ( 21 min )

A journal is a detailed record of the financial transactions of a business, designed to be used to reconcile all of the business' accounting records.  ( 23 min )

Options trading sounds complicated until you know these four basic moves. Learn how to trade options here.  ( 24 min )

Learn about LGBTQ+ retirement challenges and remedies, including higher poverty rates, a savings shortfall, the need to plan, and available resources.  ( 26 min )

In finance, the term laddering is used in a variety of ways depending on the industry. A common usage relates to bond ladders for retirement income.  ( 23 min )

Discover how to buy gold bars and evaluate your purchase's purity, form, size, and authenticity.  ( 24 min )

An angel investor provides seed money for early-stage startups, usually in exchange for ownership equity if the idea takes off.  ( 24 min )

The Securities and Exchange Commission has secured an emergency action to protect the assets of Binance's U.S. customers.  ( 17 min )

Real estate auctions bring real estate buying opportunities to many informed house hunters. Learn more about this market.  ( 26 min )

Family limited liability (LLC) companies are useful tools in the United States. They are used to protect family assets and engage in estate planning.  ( 18 min )

The forex market is the largest, most volatile financial market in the world. Before you jump in, you'll want to know the currency pairs that trade the most often.  ( 22 min )

Discover three of the most popular government money market funds well suited for investors seeking capital preservation and minimal risk.  ( 19 min )

CD are offering exciting rates at over 5%, but does that doesn't mean you sell your stocks to jump into CDs. Advisors caution investors to stick to their long-term financial plans.  ( 19 min )

An impairment in accounting is a permanent reduction in the value of an asset to less than its carrying value.  ( 27 min )

GBP/USD is short for the British pound and U.S. dollar currency pair, or cross, showing how many U.S. dollars (the quote currency) are needed to buy one British pound (the base currency).  ( 22 min )

CDs have attracted attention after an era of low interest rates, but financial advisors said they still warrant thoughtful consideration depending on clients' profiles.  ( 16 min )

The best CD term right now might be the one with the highest rate of 5.65%, but if you really want to maximize returns, a slightly lower rate on a longer term will be better.  ( 17 min )

If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.  ( 17 min )

An account statement is a periodic summary of account activity with a beginning date and an ending date.  ( 22 min )

For those of you who are new to check writing, here is a step-by-step guide on how to fill one out.  ( 25 min )

Extended normal costing is a method of tracking production costs that uses a budgeted estimate for overhead costs rather than real expenditures.  ( 18 min )

An exchange rate is how much is costs to change one country's currency for another. Rates can vary based on a number of factors. Here's what you need to know.  ( 24 min )

The diffusion of innovations theory is a hypothesis outlining how new technological and other advancements spread throughout societies and cultures.  ( 22 min )

Financial counselors help individuals and families budget, pay off debt, manage credit, set financial goals, and improve their financial health.  ( 23 min )

If a stop-limit order is established, find out if it is guaranteed to be executed even when the market is dropping fast. See why the trade may be held up.  ( 19 min )

One ETF has taken in more money than all others so far in 2023, with a massive $11.3 billion in inflows as of June 6th, according to FactSet. But it’s not a hot new AI fund or an ETF capitalizing on other en-vogue tech trends, although it will give you some exposure to them. Instead, it’s arguably one of the most boring, vanilla ETFs out there, but this doesn’t mean it can’t help you to grow your portfolio. It’s the Vanguard S&P 500 ETF (NYSEARCA:VOO). In fact, whether you are just beginning you  ( 9 min )

Cathie Wood's ARK Invest Innovation ETF disclosed more sales of Tesla stock on Friday evening.  ( 22 min )

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(Bloomberg) -- Bond investors are having to regroup after this week’s Federal Reserve meeting dealt a crippling blow to a strategy that many on Wall Street had banked on at the start of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo  ( 8 min )

(Bloomberg) -- America’s most leveraged companies got a painful reality check this week when Federal Reserve Chairman Jerome Powell warned that a rate cut is still a couple of years away. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAfrica’s Richest City Is Crumbling Under Chaos and Corruption  ( 9 min )

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The Securities and Exchange Commission has secured an emergency action to protect the assets of Binance's U.S. customers.  ( 18 min )

The National Grid will ask factories and businesses to voluntarily cut their electricity usage this winter under an expansion of a service previously pioneered by households.  ( 6 min )

The SEC and Binance have reached an agreement that will allow the cryptocurrency exchange to continue operating in the US until a lawsuit filed by the regulator earlier this month is resolved.  ( 7 min )

"Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling," the Goldman strategists wrote in the note dated on Friday, according to the Bloomberg report. Markets are ignoring the potential for "delayed-onset inflation" in sectors such as healthcare, the strategists wrote, Bloomberg reported.  ( 7 min )

United Parcel Service’s largest labor union is ready to play hardball.  ( 22 min )

The exchange agrees to keep assets in the country and under Binance.US executives’ control.  ( 29 min )

CD are offering exciting rates at over 5%, but does that doesn't mean you sell your stocks to jump into CDs. Advisors caution investors to stick to their long-term financial plans.  ( 19 min )

Consumer advocates say Bunge’s agreement to buy Viterra could drive up prices, while Bunge says the companies don’t overlap  ( 28 min )

(Bloomberg) -- Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed fears that ruled them for 15 months.Most Read from BloombergEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingCrispin Odey’s One-Week Downfall Was Decades in the MakingMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinThe S&P 500 index capp  ( 9 min )

Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.  ( 10 min )

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SmartAsset compares three of the largest investment companies based on usability, trade experience, offerings and cost. Learn more here.  ( 11 min )

Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can't access your funds until the … Continue reading → The post Are Certificates of Deposit (CDs) FDIC-Insured? appeared first on SmartAsset Blog.  ( 8 min )

Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.  ( 10 min )

An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 8 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.  ( 9 min )

About one-third (34%) of American households say they’re at risk of not being able to replace their working income in retirement.  ( 9 min )

If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.  ( 8 min )

Microsoft, with its Activision Blizzard deal still uncertain, is advancing its cloud-centric subscription-based business model with a slate of coming Xbox videogames including “Starfield.”  ( 28 min )

Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.  ( 9 min )

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CDs have attracted attention after an era of low interest rates, but financial advisors said they still warrant thoughtful consideration depending on clients' profiles.  ( 18 min )

The best CD term right now might be the one with the highest rate of 5.65%, but if you really want to maximize returns, a slightly lower rate on a longer term will be better.  ( 18 min )

Hammered by inflation, recession fears and doubts about the future of Social Security, an increasing number of working Americans say they plan to claim their Social Security benefits early while staying on the job. Here are the factors driving this … Continue reading → The post More Workers Plan to Retire on Less Money by Claiming Social Security Early appeared first on SmartAsset Blog.  ( 8 min )

If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.  ( 19 min )

McDonald’s’ British expansion plans are being scuppered by bureaucracy and planning red tape, the boss of the fast food chain has said.  ( 10 min )

UBS's Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank's historic takeover of former rival Credit Suisse. "The prospects for UBS are better than ever," Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. Ermotti, who returned to the bank as Chief Executive in a surprise move shortly after the government orchestrated rescue of Credit Suisse was announced, addressed public concern over the size of the combined bank.  ( 7 min )

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Workers at the failed California banks plowed their money into company stock.  ( 30 min )

Taiwan's central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Treasury said on Friday it found that no major U.S. trading partners had manipulated their currencies for an export advantage and ended "enhanced analysis" for Switzerland after the country met only one of three manipulation criteria. In its semi-annual currency report, the department said Switzerland remains on a "monitoring list" for close attention to foreign exchange and economic policies, along with six other trading partners: China, Taiwan, South Korea, Germany, Malaysia and Singapore.  ( 6 min )

(Bloomberg) -- A decade ago, Paul Singer did battle with the government of Argentina — and won. Next week, the notoriously pugnacious hedge fund boss is taking on a bastion of the City of London, the 146-year-old London Metal Exchange.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingMichael Jordan to Sell $3 Billion Hornets Stake to P  ( 9 min )

(Bloomberg) -- Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at Goldman Sachs Group Inc.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinPutin Says Russia Put First Nuclear Weapons in BelarusInvestors could be assuming  ( 7 min )

(Reuters) -Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. To make certain that U.S. customer assets do not go offshore, the agreement allows only Binance.US employees access to these assets. The SEC on June 5 sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator, alleging that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. customers from its platform and misled investors about its market surveillance controls.  ( 7 min )

Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.  ( 7 min )

The New Development Bank is having difficulty accessing dollars, and has largely stopped lending, the Wall Street Journal reported.  ( 7 min )

The consequences of an international minimum-tax agreement are about to be felt.  ( 28 min )

Kroger management reaffirmed the “low end” of 1-2% identical sales growth guidance. The post How Kroger expanded margins when growth was hard to come by appeared first on FreightWaves.  ( 9 min )

New details have emerged about Tiger Cool Express’ financial health leading up to the company’s abrupt closure on Tuesday. The post Tiger Cool Express ceases operations amid financial troubles appeared first on FreightWaves.  ( 9 min )

Here are the daily ETF fund flows for June 12, 2023.  ( 5 min )

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De Duitse economie zal dit jaar niet groeien. Die verwachting heeft de Duitse industrievereniging BDI uitgesproken in de krant Frankfurter Allgemeine Zeitung.  ( 2 min )

Bij pakketbezorger UPS dreigt een grote staking in de Verenigde Staten. Vakbondsleden onder de bezorgers en medewerkers van sorteer- en distributiecentra stemden volgens vakbond Teamsters vrijwel unaniem in met acties als er voor eind juli geen nieuw loonakkoord is.  ( 3 min )

Piekbelaster is een relatief jong begrip in de boerengeschiedenis van ons land. Twee jaar geleden hadden we er nog nooit van gehoord, nu weet bijna iedereen wat het betekent. Wat een piekbelaster kan krijgen als die zich laat uitkopen, varieert van een paar miljoen euro tot wel meer dan 10 miljoen euro.  ( 4 min )

De luchtvaartbranche wil dat Europese overheden meer belastinggeld steken in het beperken van de CO2-uitstoot van vliegtuigen. Sprekers op een panel voorafgaand aan de Paris Air Show van volgende week waarschuwden vrijdag dat Europa achterop dreigt te raken bij de Verenigde Staten.  ( 4 min )

Bijna negenduizend Reddit-fora gingen begin deze week op zwart. Twee dagen was het idee. Om te protesteren tegen plotselinge kosten waarmee onafhankelijke ontwikkelaars vanaf juli worden opgezadeld. Ruim de helft van de fora is vijf dagen later nog steeds dicht. En Reddit-topman Steve Huffman is niet van plan iets te veranderen aan zijn plannen.  ( 5 min )

Ruim 160 bouwplaatsen zijn zaterdag te bezoeken tijdens de jaarlijkse Dag van de Bouw. Dat zijn er volgens organisator Bouwend Nederland meer dan ooit.  ( 4 min )

Om de energietransitie te versnellen, moeten we meer stroom gebruiken als er veel zonne- en windenergie wordt opgewekt. Daarom moeten we af van vaste energietarieven en overstappen op 'dynamische' stroomprijzen, vindt klimaateconoom Reyer Gerlagh. Andere experts hebben daar bedenkingen bij.  ( 5 min )

If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.  ( 1 min )

The funds are all fully transparent, unlike the firm’s previous stock exchange-traded funds.  ( 6 min )

The S&P 500 has broken the 4200 level, marking a support if the stock market were to fall. And if that level were to hold, the index could be gearing up to rally again.  ( 22 min )

Nearly half of the respondents averaging $560,000 in net worth said they were wealthy, when including nonfinancial factors like health and family. But when asked about how much money it took to be wealthy in America, they said $2.2 million.  ( 22 min )

Choosing the AI winners might not be as easy as it looks. While Nvidia is an obvious one, others have a lot of catching up to do.  ( 22 min )

Despite maintaining a relationship with OPEC, Russia’s strategy of supplying large amounts of discounted oil in violation of agreed production cuts is straining its ties with the organization.  ( 8 min )

Homeowners are staying put as they try to hold on to the lower mortgage rates secured before borrowing costs went up, Redfin said.  ( 7 min )

Analysts weigh in on Salesforce, Oracle, Chevron, Netflix, Kohl’s, and Floor & Decor Holdings  ( 22 min )

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Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership. The post Nikola cuts 270 jobs as cash to survive runs low appeared first on FreightWaves.  ( 8 min )

Investors are always happy when a company they own increases its dividend. After all, as an income investor, you just received a raise. But the hikes often mean more than just a company being generous. Dividend increases can also be an indication that the company feels its future earnings will be sufficient to cover the increase being given to its shareholders. This is especially true with real estate investment trusts (REITs) that are mandated by law to pay out a minimum of 90% of their taxable  ( 9 min )

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For 10 years, crypto startup after crypto startup has tried its luck with the SEC. Now Wall Street’s heaviest hitter is lending its weight.  ( 7 min )

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Securities backed by home loans offer attractive income and relatively cheap prices, with some mutual funds and ETFs yielding about 5%.  ( 22 min )

Constellation has quietly doubled Modelo Especial sales since 2017, pushing past Corona and finally unseating Bud Light in the past week as America’s favorite beer. Plus, Nasdaq CEO Adena Friedman’s deal to buy Adenza.  ( 22 min )

Controversial China-founded retailer Shein is growing into a global titan. Analysts say that many Western competitors are ignoring the app—at their peril.  ( 50 min )

Economics and politics might have played a role in the Federal Reserve’s decision to forgo an interest-rate hike this month.  ( 22 min )

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The switch in the company’s public numbers caused a “groundswell of concern” at the startup, according to newly released messages.  ( 9 min )

(Bloomberg) -- Nikola Corp. shares surged this week in a rally that’s eating into paper profits for traders betting against the electric-vehicle maker and setting them up for a short squeeze.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinPutin Says Russia Put First Nuclear Weapons in BelarusA Goldman Partner’s Sexually Explicit Video Le  ( 8 min )

(Bloomberg) -- Another week, another 600 points in the Nasdaq 100. How does this keep happening? It may be that despite the Federal Reserve’s best efforts to drain the economy of vigor, nothing terrible has actually happened to the corporate earnings engine.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionPutin Says Russia Put First Nuclear Weapons in BelarusMichael Jordan to Sell $3 Billion Hor  ( 10 min )

After falling for seven straight months, the Case-Shiller U.S. National Home Price Index finally showed upticks in February and March. But according to economics research firm Capital Economics, the decline in the housing market is far from over. In their latest report, Capital Economics researchers point out that the increase in home prices in February and March was because of higher demand as a result of declining mortgage rates at the start of this year. But that will prove to be short-lived.  ( 9 min )

And it doesn’t really matter if it’s technically a trust.  ( 9 min )

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Series I US savings bonds (I bonds) bought before Nov. 1, 2023, pay a guaranteed 4.30% for six months. Or you could open a 6-month CD that pays 5.65%. Which makes the most sense in the long run?  ( 19 min )

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(Bloomberg) -- The bull-market rally in US stocks is about to run out of steam, according to Citigroup Inc.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionPutin Says Russia Put First Nuclear Weapons in BelarusA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinStrategists at the bank led by Scott Chronert this week r  ( 8 min )

GE generates most of its profit and revenue through its aviation segment.  ( 21 min )

US stocks lost steam on Friday after rallying the previous day amid signs of a resilient economy that boosted hopes the Federal Reserve could end its rate-hike campaign soon.  ( 7 min )

The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand. The post Supertanker rate roller coaster: Surprise spike to $91,000 per day appeared first on FreightWaves.  ( 9 min )

Here’s our weekly roundup of the week’s most-read articles at Barron’s Advisor.  ( 22 min )

Nvidia Corp. (NASDAQ:NVDA) recently made headlines for joining the elite "trillion-dollar group" after its market cap briefly crossed $1 trillion during the last week of May. Nvidia is one of only a handful of companies boasting a 13-figure valuation. Some of the most prominent ones include Apple Inc., Amazon.com Inc., Google parent Alphabet Inc. and Microsoft Corp. Some of which have even surpassed $2 trillion in recent months. Nvidia's rise can be attributed to the increased demand for semicon  ( 9 min )

Two top economists agree that inflation is already conquered, and by continuing the big squeeze, the Fed will likely drive the U.S. into an unecessary, and possibly steep, recession.  ( 11 min )

A southwest Florida couple has been charged with stealing more than $2 million in COVID-19 relief funds and using the money to buy boats, new businesses and other luxury items. Timothy Craig Jolloff, 46, and Lisa Ann Jolloff, 56, made their initial appearances Friday in Fort Myers federal court on charges of conspiracy to commit money laundering and illegal monetary transactions, according to court records. Timothy Jolloff is also charged with one count of wire fraud.  ( 6 min )

If you follow income stocks like real estate investment trusts (REITs) on a regular basis, you will undoubtedly hear a lot about the larger and more popular REITs, such as Realty Income Corp. (NYSE: O), WP Carey Inc. (NYSE: WPC), Equinix Inc. (NASDAQ: EQIX), Prologis Inc. (NYSE: PLD) and others. But often, it’s the lesser-known stocks that can produce the best total performance if they have been growing their earnings or dividends. Earnings and dividend growth often drive stock prices higher, re  ( 9 min )

(Bloomberg) -- Airline, hotel and cruise stocks have jumped since late May as consumers rush to travel, but the outlook for later this year is murky and higher interest rates may take their toll on the shares. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Su  ( 8 min )

Robo-taxis "could potentially transform society" and account for over 70% of Tesla's future value, analysts said.  ( 7 min )

Wells Fargo Investment Institute sees the S&P 500 falling 7% by year-end as corporate earnings sink.  ( 9 min )

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After Big Tech's parabolic run, the debate now is whether to hold the shares or fold them. Strategists at Citi argue that they look more like sells than buys.  ( 27 min )

The latest member of the world’s trillion-dollar club pays a shockingly small amount of federal taxes.  ( 7 min )

United Parcel Service (UPS) union employees have voted overwhelmingly to authorize a strike should contract talks break down after the current agreement ends in two weeks, the International Brotherhood of Teamsters said on Friday. It comes during relatively cordial talks as new Teamsters General President Sean O'Brien works to get a UPS deal that shares billions of dollars of its pandemic profit with workers and helps to recruit new members - including Amazon.com warehouse staff. Jeremy Tancredi, a former UPS manager turned industry consultant, said the strike authorization vote is a normal step the union takes to ensure they can quickly respond to any impasse after the contract expires.  ( 7 min )

Yields for the top cash reserve accounts, CDs, savings accounts, and MMAs are at multi-year highs. The best choice for your savings likely comes down to the differences between these kinds of accounts.  ( 20 min )

The U.S. chip maker said it will invest more than $600 million to acquire packaging equipment and build a new facility in its Xi'an factory.  ( 22 min )

Oil prices are down sharply from last year's highs and views are split on whether they'll fall further or start climbing again. Analysts generally expect prices to rise from their current level of around $70 a barrel as [the Chinese recovery gains steam](https://www.wsj.com/articles/chinas-stimulus  ( 21 min )

Disney CFO Christine McCarthy will step down from her longstanding role — a departure that's likely to lead to further headwinds for CEO Bob Iger.  ( 8 min )

If you listen to what many market commentators and journalists are saying these days, you know—or think you know—that U.S. stocks are in a bull market. That’s because on June 8, the Standard & Poor’s 500 Index closed at 4,294, the first day it was more than 20% above its recent low of 3,577 on Oct. 12, 2022.A 20% rise from a recent low, these people say, means that we’re in a bull market. To which I say, “bull.”  ( 9 min )

↗️ Adobe (ADBE): The software company’s stock rose 3% in morning trading after Adobe posted second-quarter earnings that topped analysts’ expectations. ↗️ iRobot (IRBT): Stock jumped 19% af  ( 20 min )

Coherus BioSciences Inc (NASDAQ: CHRS) has agreed to acquire Surface Oncology Inc (NASDAQ: SURF), a clinical-stage immuno-oncology (I-O) company developing next-generation immunotherapies that target the tumor microenvironment. The Surface acquisition adds two clinical stage assets to Coherus' I-O pipeline: SRF388, currently in Phase 2 trials in lung and liver cancer, and SFR114, currently in a Phase 1/2 study as a monotherapy for advanced solid tumors. Coherus will issue shares at $5.2831 per s  ( 7 min )

US stocks are setting up to open flat on Friday, after rallying the previous day amid signs of a resilient economy that boosted hopes the Federal Reserve could end its rate-hike campaign soon.  ( 7 min )

There is another reason why Cava's stock came out of the gate gangbusters: Its chairman.  ( 10 min )

Galactic 01 will fly between June 27 and June 30 and carry three crew members from Italy’s Air Force and National Research Council and will conduct microgravity research.  ( 22 min )

The stock, rising in value toward $3 trillion, is one reason why the S&P 500 is up 15% so far this year. That makes the valuation worthy of a close look.  ( 22 min )

The CEO of Bud Light’s maker has released a message telling its “valued customers" that “we hear you" as sales of the beer are declining.  ( 8 min )

The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.  ( 10 min )

An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.  ( 9 min )

When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 9 min )

Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continue reading → The post Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This appeared first on SmartAsset Blog.  ( 9 min )

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.  ( 11 min )

I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.  ( 9 min )

It can be hard to know if your retirement savings are on track, but comparing your balance to where others similar in age are can help. In particular, taking a look at the average 401(k) balance by age is a good place … Continue reading → The post The Average 401(k) Balance by Age: Are You Off the Mark? appeared first on SmartAsset Blog.  ( 10 min )

My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.  ( 10 min )

The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.  ( 8 min )

Dave Ramsey’s endorsements of a time-share exit service did not make clear that he was being paid millions of dollars by the company, according to the lawsuit.  ( 22 min )

The S&P 500’s recent rally has pushed the index’s valuation multiple higher.  ( 22 min )

The former Yahoo CEO is now running the A.I. contacts platform Sunshine.  ( 8 min )

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The Competition and Markets Authority said the “deal would not lead to competition concerns in the U.K” or put rivals at a disadvantage.  ( 22 min )

(Bloomberg) -- Iran is shipping the most crude in almost five years, fortifying its re-emergence on the geopolitical stage while posing risks for a fragile global crude market.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingAlphabet Selling Google Domains Assets to SquarespaceSocial Security Benefits Targeted for Cuts by House Con  ( 10 min )

Virgin Galactic says it's ready to start commercial space tourism flights and consumer sentiment is expected to tick higher. Here’s what investors need to know today.  ( 17 min )

British antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and Markets Authority said it decided not to escalate its initial investigation because it concluded that the deal would not result in a “substantial lessening of competition” within the United Kingdom. Amazon said it was pleased with the result.  ( 7 min )

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How Russia’s war in Ukraine paralyzed the Brics’s New Development Bank.  ( 31 min )

The winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks. For instance Nikola, which has more than doubled in value this week, has a short interest of 15.7%, according to Refinitiv. Other big gainers such as Lordstown and Workhorse Group have short interests of 15.2% and 24.3%, respectively.  ( 7 min )

Virgin Galactic (SPCE)'s shares are rocketing after the company said it was days away from sending its first commercial flight into space, following years of delays. Galactic 01 is due to fly between June 27 to June 30, carrying a team of three Ita  ( 20 min )

Britain's competition regulator on Friday cleared Amazon.com Inc's planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. In April, the CMA had launched a "Phase 1" probe into the deal which was announced in August last year as Amazon sought to expand its stable of smart-home devices.  ( 6 min )

Oracle stock has already gotten a big lift from the generative AI trend. The company says it’s just getting started.  ( 22 min )

Adobe posts fiscal second-quarter earnings better than analysts' estimates and raises its fiscal-year outlook, Cava extends gains after surging nearly 100% in the stock's trading debut, and Virgin Galactic surges as it readies commercial spaceflights for the end of the month.  ( 22 min )

(Bloomberg) -- The S&P 500 may have entered a technical bull market last week, but Bank of America Corp.’s Michael Hartnett say it’s not the start of a new major rally in equities.Most Read from BloombergA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementSocial Security Benefits Targeted for Cuts by House ConservativesStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapAlphabet Selling Google Domains Assets to SquarespaceThe strategist who correctly predicted the s  ( 8 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at SoFi Technologies, Mersana, Zions, and RPC, and initiation at MSCI. Piper Sandler adjusted its rating to Neutral from Overweight with a price target of $8.00 (from $6.50). Meanwhile, BofA Securities downgraded the company to Neutral from Buy with a price target of $10.00 (from $9.50).  ( 7 min )

(Bloomberg) -- It was a rare public appearance by the head of the billionaire Perrodo family’s multinational oil company.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedWorkers Resisting the Office Grind Are Suddenly Lonely at HomeBenoit  ( 9 min )

Shares of onshore drillers have fallen steeply after a wave of recent rig idlings, which investors fear could signal a coming drop in oil demand amid a slowing economy.  ( 28 min )

Your balance is likely up, but there are reasons to resist the urge to peek at your retirement savings.  ( 28 min )

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A market is where two parties, usually buyers and sellers, can gather to facilitate the exchange of goods and services.  ( 25 min )

Retail banking consists of basic financial services, such as checking and savings accounts, among others, that are sold to the general public via local branches.  ( 23 min )

If you're planning to retire in 2024 or 2025, a fixed-rate CD paying 5.25% APY (or more) could help your cash savings grow faster so you're financially prepared.  ( 17 min )

The Federal Reserve is keeping interest rates high, and banks are offering some of their best rates on CDs in years.  ( 15 min )

Investors couldn’t keep up the momentum from this week’s Fed rates news, but the Dow Jones Industrial Average still moved higher for the third-straight week  ( 17 min )

A credit card balance transfer can be a way to pay off your credit card debt more quickly while also saving on interest. But there are some risks.  ( 23 min )

Markets closed lower for the day, higher for the week on lower inflation, expectations the Fed may be pause or halt interest rate hikes.  ( 16 min )

Series I US savings bonds (I bonds) bought before Nov. 1, 2023, pay a guaranteed 4.30% for six months. Or you could open a 6-month CD that pays 5.65%. Which makes the most sense in the long run?  ( 18 min )

DraftKings made a $195 million cash bid for the U.S. assets of PointsBet, a higher offer than Fanatics.  ( 16 min )

Just what does a financial advisor do? A lot, in fact. And any potential client should do their due diligence and come prepared with questions.  ( 31 min )

A deposit slip is a paper form that a bank customer includes when depositing funds into a bank account. It cites the depositor's account number and the amount deposited  ( 21 min )

GE generates most of its profit and revenue through its aviation segment.  ( 21 min )

The University of Michigan's Consumer Sentiment Index rose in June to its highest level in four months as inflation eased.  ( 16 min )

On the heels of the pandemic, the Fed has been battling decades-high inflation with aggressive rate hikes, and driving savings account rates to almost 16-year highs.  ( 18 min )

Gold ETFs and gold futures are two ways to diversify into the metals asset class, but there are significant differences between the two investment vehicles.  ( 26 min )

Sure, online-only banks are offering great interest rates on high-yield savings accounts and certificates of deposit these days, but how safe is your money?  ( 14 min )

A broad-based index is designed to reflect the movement of the entire market—one example of a broad-based index is the Dow Jones Industrial Average.  ( 21 min )

A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.  ( 20 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Regulation Best Interest (BI) is an SEC rule that requires broker-dealers to recommend only products that are in their customers' best interests.  ( 24 min )

Unique characteristics are included in the balance sheet and income statement of a bank's financial statements that help investors decipher how banks make money.  ( 24 min )

CDs offer a conservative investment for a set number of months or years. Marcus offers competitive CD rates on a variety of terms.  ( 19 min )

Investment banks participate in trade financing activities while merchant banks often expand into securities underwriting.  ( 20 min )

A quartile is a statistical term describing a division of a data set into four equal intervals.  ( 21 min )

The Consumer Price Index rose 4% over 12 months in May, down more than half from the 9.1% inflation peak logged less than a year ago in June 2022 and its lowest since March 2021.  ( 18 min )

U.S. equities were little changed at midday on Friday, June 16, 2023, but on track for a winning week heading into the long holiday weekend.  ( 16 min )

A paid tax preparer can provide expert advice and save you time, but doing your own taxes with the help of software will save you money.  ( 25 min )

U.K. regulators approved Amazon's $1.7 billion purchase of Roomba vacuum maker iRobot.  ( 16 min )

With the Federal Reserve keeping interest rates steady, robo-advisors are able to continue to offer some of the highest rates on cash accounts.  ( 18 min )

A 'boiler room operation' uses high-pressure sales tactics to cold call clients and then push them to buy risky, intransparent penny stocks. Know how to spot one, and beware.  ( 17 min )

Adobe posted record Q2 revenue as its use of AI boosted demand.  ( 16 min )

Aftermarket performance is the variation in the price level of a newly issued stock during a period after its initial public offering (IPO).  ( 22 min )

Upstream and downstream oil and gas production refers to a company's location in the supply chain.  ( 21 min )

Investor perception of a company's value can create money—and make it disappear into thin air. Here's a look at some drivers of price and how gains and losses occur.  ( 23 min )

An independent agent can sell the insurance or financial products of several carriers and is not captive to just their direct employer's products.  ( 20 min )

Yields for the top cash reserve accounts, CDs, savings accounts, and MMAs are at multi-year highs. The best choice for your savings likely comes down to the differences between these kinds of accounts.  ( 20 min )

There is no limit on how many CDs you can open, and it may be wise to open multiple with varying maturities as a CD ladder. But remember: CDs require you to lock up your money, or pay a penalty.  ( 17 min )

Property-based investments are the most common kind of holding within a special purpose vehicle, or SPV, and they help the parent company.  ( 19 min )

The average rate for a new purchase 30-year fixed mortgage ticked up just 1 basis point on Thursday to 7.14%. Other rates were mixed, with increases and decreases across loan types.  ( 20 min )

Shares of Virgin Galactic surged after announcing it would begin to offer commercial space tourism services in late June.  ( 16 min )

A merchant account is a business bank account allowing companies to accept payments and pay bills.  ( 21 min )

A variable rate certificate of deposit (CD) has a fixed term but an interest rate that changes based on various economic conditions over time. Variable rate CDs make sense when interest rates rise but can become a trap when rates fall.  ( 16 min )

Hazard insurance protects a property owner against damage caused by fires, severe storms, earthquakes, or other natural events.  ( 21 min )

CDs are offering tempting rates of over 5.00% right now. Anyone who wants to invest their savings to meet specific financial goals and beat inflation should buy CDs right now.  ( 18 min )

The appraisal approach is a procedure for determining an asset's value using an appraisal, rather than market transaction pricing.  ( 19 min )

Suggestive selling is a sales technique in which the customer is asked if they want to include a supplemental item or service with a purchase.  ( 20 min )

Asset management giant BlackRock filed an application with the Securities and Exchange Commission for a spot Bitcoin ETF using Coinbase for custody. If approved, it would be the first product of its kind in the U.S.  ( 18 min )

The best CDs now allow savers to lock in interest rates above 5%. How does this stack up against the S&P 500 this year?  ( 16 min )

Understand what kind of net interest margin is typical for financial institutions, and discover why net income margin doesn't tell the whole story.  ( 20 min )

Virgin Galactic says it's ready to start commercial space tourism flights and consumer sentiment is expected to tick higher. Here’s what investors need to know today.  ( 18 min )

Bank credit is the total amount of credit available to a business or individual to borrow from a banking institution.  ( 22 min )

Find out more about the capital adequacy ratio, or CAR, and the minimum capital adequacy ratio that banks must attain under Basel III.  ( 22 min )

Direct deposit is the deposit of electronic funds directly into a bank account. It offers a predictable process for funds transfer.  ( 23 min )

Brexit refers to the U.K.'s withdrawal from the European Union after voting to do so in a June 2016 referendum.  ( 49 min )

An original equipment manufacturer (OEM) provides components for another company's product and works closely with the seller of the finished product.  ( 23 min )

Amgen produces drugs to treat several conditions and markets them worldwide. Learn its revenue-earning structure and how it makes money.  ( 20 min )

Markets closed lower for the day, higher for the week on lower inflation, expectations the Fed may be pause or halt interest rate hikes.  ( 1 min )

Investors couldn’t keep up the momentum from this week’s Fed rates news, but the Dow Jones Industrial Average still moved higher for the third-straight week  ( 1 min )

U.S. equities were little changed at midday on Friday, June 16, 2023, but on track for a winning week heading into the long holiday weekend.  ( 1 min )

Virgin Galactic says it's ready to start commercial space tourism flights and consumer sentiment is expected to tick higher. Here’s what investors need to know today.  ( 1 min )

DraftKings made a $195 million cash bid for the U.S. assets of PointsBet, a higher offer than Fanatics.  ( 1 min )

Adobe posted record Q2 revenue as its use of AI boosted demand.  ( 1 min )

U.K. regulators approved Amazon's $1.7 billion purchase of Roomba vacuum maker iRobot.  ( 1 min )

Shares of Virgin Galactic surged after announcing it would begin to offer commercial space tourism services in late June.  ( 1 min )

De luchtvaartbranche wil dat Europese overheden meer belastinggeld steken in het beperken van de CO2-uitstoot van vliegtuigen. Sprekers op een panel voorafgaand aan de Paris Air Show van volgende week waarschuwden vrijdag dat Europa achterop dreigt te raken bij de Verenigde Staten.  ( 4 min )

De kans is groot dat de leraren in het onderwijs na de zomervakantie gaan staken. Het kabinet weigert voorlopig aan de eisen van de vakbonden te voldoen en is niet bereid tot een loonsverhoging van 12 procent.  ( 3 min )

Het kabinet trekt nog eens 900 miljoen euro uit, zodat ook lage- en middeninkomens hun woning kunnen verduurzamen. Zij kunnen dan via een renteloze lening bijvoorbeeld een warmtepomp aanschaffen.  ( 3 min )

Bijna negenduizend Reddit-fora gingen begin deze week op zwart. Twee dagen was het idee. Om te protesteren tegen plotselinge kosten waarmee onafhankelijke ontwikkelaars vanaf juli worden opgezadeld. Ruim de helft van de fora is vijf dagen later nog steeds dicht. En Reddit-topman Steve Huffman is niet van plan iets te veranderen aan zijn plannen.  ( 4 min )

De Europese Centrale Bank (ECB) zal de rente na de zomer mogelijk verder verhogen om de hoge inflatie in de eurozone tegen te gaan. Dat zegt president Joachim Nagel van de Bundesbank.  ( 3 min )

Een groep van ruim tweehonderd Fransen klaagt Philips aan vanwege de gebreken in de slaapapneuapparaten. In de aanklacht wordt het bedrijf onder meer beschuldigd van doodslag, misleiding en het in gevaar brengen van levens.  ( 3 min )

Nederlandse beleggers kunnen vanaf medio volgende maand niet meer beleggen in digitale valuta via Binance. Het grootste cryptoplatform ter wereld biedt zijn diensten in ons land vanaf dan niet langer aan, omdat het ondanks meerdere pogingen geen vergunning krijgt van toezichthouders.  ( 3 min )

FNV vindt dat personeel van sociale werkplaatsen ongelijk wordt behandeld en stapt daarom naar het College voor de Rechten van de Mens. De vakbond en de medewerkers willen een hoger loon, maar de gemeenten bieden dat nog niet.  ( 3 min )

Onze economie groeit sinds 2019, maar Nederlanders zijn niet tevredener geworden. Onder meer ons geluk, onze woonsituatie en onze gezondheid gingen er niet op vooruit, stellen de Universiteit Utrecht en Rabobank op basis van onderzoek naar de 'brede welvaart'.  ( 3 min )

KLM en andere luchtvaartmaatschappijen hebben een alternatief plan ingediend om de overlast van vliegtuigen rondom Schiphol te verminderen. Ze willen de geluidsoverlast voor omwonenden terugdringen door nieuwe, stillere toestellen in te kopen om 's nachts mee te vliegen. Maar Schiphol zelf wil in de nacht juist dicht.  ( 4 min )

De Nederlandse productie van zonnestroom is in 2022 opnieuw enorm toegenomen. We haalden 46 procent meer elektriciteit uit zonlicht dan een jaar eerder, en zelfs drie keer zoveel als in 2019.  ( 3 min )

Bewoners uit de omgeving van Tata Steel starten een nieuwe rechtszaak tegen de provincie Noord-Holland. Zij vinden dat het provinciebestuur harder moet optreden tegen de vervuiling van de staalfabriek, meldt milieuorganisatie MOB.  ( 3 min )

Werknemers in het onderwijs willen een hoger salaris. De onderwijsvakbonden hebben een ultimatum gesteld dat vrijdag afloopt. Wat is er aan de hand?  ( 3 min )

Trends come and go but the latest craze to take Wall Street by storm is proving quite persistent. AI hype has been all the rage this year and stocks with exposure to generative AI and LLMs (large language models) have been reaping the benefits. So much so, that Wall Street’s best analyst thinks it’s time to change tune on many of them. Surveying the SemiCap space, Needham analyst Quinn Bolton is confronted by a plethora of names boasting lofty valuations with little room left to run from here. “  ( 10 min )

New Vanguard data released Thursday shows that 401(k) balances plummeted in 2022, primarily due to the "decrease in equity and bond markets" over the year.  ( 7 min )

(Bloomberg) -- Rivian Automotive Inc. is rapidly ramping up production of its electric SUV, which the company’s chief financial officer says is on track to overtake output of the startup’s plug-in pickup this quarter.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2  ( 7 min )

(Bloomberg) -- Nikola Corp. founder Trevor Milton called for leadership change at the electric-truck maker and urged shareholders to vote against upcoming company-backed proposals in his first social-media posts in years.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedNYC’s Rent Surge Defied by New Grads Pur  ( 7 min )

The U.S. economy boomed and now, it's time to bust, Deutsche Bank says. The investment bank sees 100% chance of U.S. recession this year. Here's why.  ( 7 min )

(Bloomberg) -- The gravity-defying bull market is handing stock investors a fresh conundrum as an unusually big pile of options expires Friday: Chase gains via bullish derivatives or hedge with bearish bets?Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are  ( 9 min )

Adobe Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker's efforts to drive up demand with generative artificial intelligence (AI) integrations paid off. Shares of the San Jose, California-based company rose more than 5% in aftermarket trading. Adobe's spree to boost AI innovation has been evident by AI features being introduced into Acrobat, Express, Photoshop and Premiere Pro.  ( 7 min )

Legendary investor Warren Buffett, an ardent supporter of Apple Inc. stock, has highlighted the company’s exceptionally devoted customer base as a key factor in his admiration. According to Buffett, iPhone users display such unwavering brand loyalty that they would not permanently part ways with their phones even if offered $10,000. Don't Miss: Why Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Berkshire Hathaway Inc., the investment conglomerate Buffe  ( 8 min )

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If you have a CD that's about to mature, you need to tell the bank what you want done with your funds. If you don't, you may not like the results you get stuck with.  ( 20 min )

The stock, rising in value toward $3 trillion, is one reason why the S&P 500 is up 15% so far this year. That makes the valuation worthy of a close look.  ( 25 min )

Kevin Lansberry of Disney parks is appointed interim CFO effective July 1.  ( 27 min )

Cava’s executive team—including the CEO, CFO, and chief concept officer—also have stakes now worth millions.  ( 7 min )

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Billionaire investor Charlie Munger has been vocal in expressing his concerns about U.S. healthcare, stating that it is "shot through with rampant waste" and has become "immoral." Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families Munger says there are substantial problems that need to be addressed, including the presence of unnecessary costs and inefficiencies that plague the medical field. Drawing a vivid analogy at a Daily Journal Annual  ( 7 min )

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The S&P 500’s recent rally has pushed the index’s valuation multiple higher.  ( 22 min )

AT&T is yanking thousands back to the office. Some of its workers think that has nothing to do with productivity.  ( 9 min )

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic made multiple trades leading up to the central bank’s meeting last May, revealing additional transgressions of the central bank’s trading rules that have since been disclosed and are under investigation.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submari  ( 7 min )

California would like to crack down on a type of trust that lets the very wealthy avoid state income and federal gift taxes. And the Golden State is not alone: A number of state officials have taken aim at the … Continue reading → The post California Takes Aim at Tax Loophole for State's Richest appeared first on SmartAsset Blog.  ( 10 min )

Cecile de Jongh arranged visas for Epstein’s alleged victims and asked him for political donations, court filings show.  ( 36 min )

Electric-vehicle maker Tesla is offering three months of supercharging on Model 3 sedans bought from existing inventory. That might signal weak demand, and investors should consider insurance.  ( 22 min )

State-controlled energy giant Rosneft is close to locking in buyers in what could be the largest oil and refined fuels tender since the start of the war in Ukraine.  ( 30 min )

Nvidia Corp (NASDAQ: NVDA), Advanced Micro Devices, Inc (NASDAQ: AMD), and peers are trading lower Thursday amid reports of U.S. legislation eliminating Section 230 immunity for AI companies. The law would allow the prosecution of social media companies for claims based on emerging generative AI technology, Reuters reports. Republican Josh Hawley and Democrat Richard Blumenthal expected the bill to create an AI carve-out to Section 230, a law that shields internet companies from liability for th  ( 7 min )

Cava (CAVA) on Thursday made its public debut on the New York Stock Exchange.  ( 8 min )

The Mediterranean-style restaurant chain’s shares nearly doubled from the IPO price.  ( 29 min )

(Bloomberg) -- The relentless rally in equities faces a fresh threat over the next few weeks with the world’s biggest money managers set to unload as much as $150 billion of stocks.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedTrump Urges Pros  ( 7 min )

As the EV revolution took the automotive industry, Toyota Motor (OTC: TOYOF) stubbornly sticked to its beliefs that hydrogen will power the future in which hybrids will be on the roads. For a decade, Toyota sat idly while Tesla Inc (NASDAQ: TSLA) sparked the EV revolution that is now in full swing. But, we the new CEO at the helm, Toyota is finally waking up to the EV reality. A Battery Breakthrough Without offering any technical details Toyota announced this week it achieved a breakthrough in b  ( 8 min )

(Bloomberg) -- Defying the odds, the world’s most important stock market has recouped all losses caused by the most disruptive monetary-tightening campaign in a generation. Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedTrump Urges Prosecutors  ( 9 min )

(Bloomberg) -- First Quantum Minerals Ltd. recently rebuffed an informal takeover approach from Barrick Gold Corp., the world’s second-largest producer of the precious metal, as miners scour the globe for deals, people with knowledge of the matter said.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleSocial Security Benefits Targeted for Cuts by House ConservativesTrump Urges Prosecutors to Drop  ( 8 min )

Shares of financial-services firm SoFi have more than doubled so far this year. Oppenheimer analyst Dominick Gabriele downgraded shares to Perform from Outperform.  ( 22 min )

(Bloomberg) -- A Goldman Sachs Group Inc. partner agreed to pay several million dollars to a woman to resolve a complaint so sensitive it was handled at the highest levels of the firm.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleSocial Security Benefits Targeted for Cuts by House ConservativesTrump Urges Prosecutors to Drop Case, Offers Defense PreviewElizabeth Holmes Objects to $250-a-Month  ( 8 min )

The move comes after a brutal month for the big-box retailer.  ( 22 min )

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Everything in the stock market revolves around risk and reward. It’s a fair equation – the higher the risk, the bigger the reward. And for those with the stomach for such shenanigans, penny stocks – traditionally, tickers trading for less than $5 a piece – are the go-to segment. Given the capacity for huge returns, the inverse also holds true: these are risky bets, and the intrepid investor must tread carefully – as much as these names can gain in a short span of time, the losses can pile up jus  ( 10 min )

Nasdaq futures are leading US stocks lower early on Thursday, as investors weigh the Fed's plan for two more hikes.  ( 7 min )

Vladimir Putin has signed a secret decree to seize the assets of Western companies and make it harder for them to leave Russia.  ( 6 min )

Freeport stands to gain from the move to alternative energy—and it has the strongest balance sheet of any copper miner.  ( 22 min )

Evercore ISI strategist Julian Emanuel looked for stocks “the last buyers have yet to buy.” High short interest is one factor.  ( 22 min )

Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.  ( 10 min )

I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.  ( 8 min )

Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the average retirement income in the U.S. … Continue reading → The post What Is the Average Retirement Income? appeared first on SmartAsset Blog.  ( 8 min )

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 9 min )

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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.  ( 9 min )

Unless you're extremely rich or poor, you probably think of yourself as being part of the "middle class." As you're probably aware, "middle class" is an income level that describes people whose annual income is directly in the middle 50% … Continue reading → The post What Is Middle Class Income in the U.S.? appeared first on SmartAsset Blog.  ( 8 min )

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The electric-vehicle maker's streak was snapped at 13 consecutive days on Wednesday. Still, shares are up about 40% over the past 14 trading sessions.  ( 22 min )

The U.S. airline’s stock climbed for a record 14th day Wednesday as optimism over a bumper summer travel season continued to rise.  ( 22 min )

Federal Reserve Chairman Jerome Powell dashes hopes for any rate cuts in the foreseeable future.  ( 22 min )

XPeng is the first company to roll out an advanced driver-assistance system in Beijing after it was approved for use on major ring roads and expressways in the capital city.  ( 22 min )

Jason Jiang watched his brokerage account in awe this summer as shares of Nvidia soared. The 18-year-old-college student says he’s been stashing away cash in [big tech stocks](https://www.wsj.c  ( 27 min )

Fiscal first-quarter profit at the grocer beats analysts' expectations but sales miss slightly.  ( 22 min )

The resumption of the payout reflects Delta's progress on its three-year financial plan, the company said. The move comes as Delta forecast that strong summer travel demand will result in higher-than-expected profit for the quarter through June.  ( 6 min )

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↗️ JD.com (JD), Alibaba (BABA), Baidu (BIDU): Shares in the three Chinese tech companies all rose more than 4% in Asia after China's central bank [cu  ( 19 min )

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Nasdaq futures are leading US stocks lower early on Thursday, as investors weigh the Fed's plan for two more hikes.  ( 8 min )

Federal Reserve Chairman Jerome Powell dashes hopes for any rate cuts in the foreseeable future.  ( 22 min )

(Bloomberg) -- Venezuela, the beleaguered oil giant that’s become South America’s poorest nation, sees an economic lifeline beneath the warm and cerulean waters of the Caribbean.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, Anticipat  ( 10 min )

The Supreme Court is set to consider whether income must received, or realized, before it can be taxed—with far-reaching implications for current and proposed tax laws.  ( 28 min )

Lennar's earnings and revenue top expectations, XPeng gets approval for assisted-driving technology in Beijing, and Adobe reports earnings Thursday.  ( 22 min )

It’s the first company to roll out an advanced driver-assistance system (ADAS) in Beijing, after it was approved for use on major ring roads and expressways in the capital city.  ( 22 min )

Saudi Arabia’s move to reduce crude output was designed to prop up global oil markets. The past week has shown how difficult that will be. **Prices have fallen in four of the past five s  ( 20 min )

Freeport stands to gain from the move to alternative energy—and it has the strongest balance sheet of any copper miner.  ( 22 min )

The stock has soared on news about the company's plans for generative artificial intelligence. The status of its deal for Figma is another point to watch.  ( 22 min )

(Bloomberg) -- Applied Materials Inc. is suing a Chinese-owned rival over what it says was a 14-month effort to steal some of its most valuable secrets, allegedly including an orchestrated employee-poaching spree and surreptitious transfers of semiconductor equipment designs.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Ren  ( 10 min )

Higher-than-expected production and concern about slowing demand have been weighing on crude.  ( 28 min )

A higher difficulty reading indicates it is more competitive to mine Bitcoin, reducing profit. The network’s hashrate also increased to a record high.  ( 7 min )

A sluggish economy experiences slow or no growth. The term can refer to the economy as a whole or a component of it.  ( 21 min )

For traders who want a mix of technical analysis with their own control in decisions, price action trading offers the perfect fit. Here's how it works.  ( 22 min )

New indications is a term used to refer to evidence signifying that there may be new applications for an existing drug or procedure.  ( 18 min )

An email money transfer (EMT) is a banking service offered to Canadian residents that allows users to transfer funds between accounts using email and their online banking service.  ( 19 min )

Market anomalies are mysterious and often unpredictable. These seven tradeable market anomalies may work in a savvy investor's favor.  ( 21 min )

There is a grace period for cashing checks, but depositors and issuers risk overdraft fees if a late check shows up unexpectedly. Learn more about when checks expire.  ( 22 min )

Some high-yield checking accounts offer ultra-high interest rates if you jump through hoops every month. But given today's high savings rates, it may not be worth it.  ( 19 min )

If you have a CD that's about to mature, you need to tell the bank what you want done with your funds. If you don't, you may not like the results you get stuck with.  ( 18 min )

A personal financial advisor is a professional who provides financial advice and services to clients according to their specific needs.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives.  ( 18 min )

Certificates of deposit (CDs) can be a great financial tool to get a guaranteed return on your investment. Compare Fidelity CD rates and see if they are right for you.  ( 20 min )

The Dow Jones Industrial Average rose 1.3%, or about 430 points, after retail sales data showed Americans are still upping their spending, a sign of resilience amid slowing inflation.  ( 17 min )

Gross profit, operating profit, and net income are located on a company's income statement, and the order in which they appear shows their relationship.  ( 22 min )

These funds are a relatively new product to most investors, but they could be what you need for increased returns.  ( 23 min )

Investors' enthusiasm for tech stocks and optimism that the Fed will slow rate hikes lifts markets.  ( 16 min )

A liability-driven investment involve assets that are intended to provide the cash flow to pay a financial obligation, such as that of pension funds to their retirees.  ( 21 min )

Shares of Mediterranean fast-casual restaurant chain CAVA skyrocketed in their first day of trading on the NYSE.  ( 16 min )

If your debt is unmanageable, you might be considering debt relief. Learn what debt relief is, where to find it, how to apply, and what the alternatives are.  ( 19 min )

Dealing with debt and managing your budget can feel daunting and overwhelming. Learn how to find a credit counselor who can help you gain control of your money.  ( 20 min )

Kroger sales missed estimates, and its outlook was at the low end of expectations as customers watched how much they spend.  ( 16 min )

A distributed ledger is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies.  ( 19 min )

Assets under management (AUM) is the total market value of the investments that a person (portfolio manager) or entity (investment company, financial institution) handles on behalf of investors.  ( 21 min )

Groupon is known for offering discount coupons and vouchers for a variety of retailers and services  ( 21 min )

The standoff earlier this month could have quickly changed economic conditions, potentially leading the Fed in a different direction on interest rates.  ( 17 min )

Learn about this type of Roth conversion from a 401(k) and why the House-passed Build Back Better Bill wants to limit—and eventually end—this option.  ( 24 min )

LGBTQ+ people often face discrimination that creates barriers to accessing credit and having a high credit score, which can make it more difficult to achieve financial stability and build savings and wealth.  ( 24 min )

For federal student loan borrowers facing the resumption of payments in October, today’s high interest rates present an opportunity: if you have extra money, should you pay down your loan faster, or would it be better to put it into a certificate of deposit or similar fixed income investment?  ( 18 min )

U.S. equities advanced at midday on June 15, 2023 as tech stocks climbed after the Fed paused rate hikes.  ( 16 min )

Considering a new certificate of deposit (CD) account? Learn more about Truist Bank’s CD, its terms, rates, account features, and early withdrawal penalties.  ( 19 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 36 min )

Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.  ( 19 min )

With 10 interest rate hikes since March 2022, savings rates have risen dramatically. Have they peaked or can they keep rising?  ( 18 min )

Custodial accounts have special tax benefits and allow you to build savings for a beneficiary. Learn how much they cost and if they might be a wise strategy for you.  ( 20 min )

CFOs have a more pessimistic view of the North American economy in Q2 2023 than they did in Q1, according to a survey by Deloitte.  ( 16 min )

You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.  ( 19 min )

Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.  ( 19 min )

The European Central Bank raised interest rates to the highest level in 22 years to curb inflation a day after the Federal Reserve decided to pause hikes.  ( 16 min )

As interest rates have risen since 2022 amid the Federal Reserve’s campaign of anti-inflation rate hikes, so too has the number of Investopedia readers who said they’re investing in CDs.  ( 15 min )

Dividend drag is the delay in reinvesting dividends in a unit trust or ETF, which can cause the investor to pay higher prices in a rising market.  ( 19 min )

While the Fed hit a pause on rates for now and hasn't ruled out more hikes, it is clear that rates aren't going down anytime soon. That makes it a good time to lock in a high CD rate.  ( 17 min )

The average rate for a new purchase 30-year fixed mortgage was back up on Wednesday, sitting at 7.13%, 6 basis points higher than Tuesday, and in line with where it was June 1.  ( 20 min )

Following a decision by the Federal Reserve to stand fast on the federal funds rate Wednesday, investors may take a second look at brokered CDs as a way to provide more flexibility than regular CDs as a savings vehicle.  ( 17 min )

Bankruptcy can be a result of overspending or bad planning, but they can also be due to other circumstances. Learn why people are forced to file for bankruptcy.  ( 23 min )

Looking for the best place to buy and sell exchange-traded funds (ETFs)? We reviewed the best brokers for ETFs based on their selection, research, screeners, and more.  ( 30 min )

A history of the Rothschilds, a prominent German family that established banking and finance houses in Europe.  ( 25 min )

While there are plenty of good reasons to take out a personal loan, thanks in large part to their versatility, there are also a few scenarios where it might be a bad idea.  ( 22 min )

The producer price index is a monthly measure of change in the prices received by domestic producers.  ( 25 min )

Savers contemplating whether to choose a CD or a savings account should consider whether a fixed interest rate or a variable interest rate, plus other factors, is right for them.  ( 17 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 23 min )

A value chain is a series of activities or processes that aims at creating and adding value to an article at every step during the production process.  ( 25 min )

The European Central Bank is expected to keep hiking interest rates and initial jobless claims are expected to drop lower. Here’s what investors need to know today.  ( 17 min )

The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.  ( 32 min )

Tier 1 capital and tier 2 capital are types of assets that banks hold. Banks must hold adequate amounts of different types of capital at any given time. Learn more.  ( 22 min )

Third-party insurance, such as auto insurance, is a policy designed to protect against the actions or claims of a third party. Learn how it benefits you.  ( 23 min )

De Nederlandse productie van zonnestroom is in 2022 opnieuw enorm toegenomen. We haalden 46 procent meer elektriciteit uit zonlicht dan een jaar eerder, en zelfs drie keer zoveel als in 2019.  ( 3 min )

Investeringsmaatschappij Verlinvest wil chocoladefabrikant Tony's Chocolonely overnemen. De Belgische investeerder is in handen van de familie De Spoelberch, die groot is geworden met bierbrouwer AB InBev. Hoeveel geld met de deal is gemoeid, is niet duidelijk.  ( 3 min )

De leden van de vakbonden hebben donderdag ingestemd met het onderhandelingsresultaat tussen VDL en de bonden voor een sociaal plan bij autofabriek Nedcar in Born. Er komt een ontslagvergoeding, maar het personeel moet ook overwerken om de productieachterstand in te lopen.  ( 4 min )

KLM en andere luchtvaartmaatschappijen hebben een alternatief plan ingediend om de overlast van vliegtuigen rondom Schiphol te verminderen. Ze willen de geluidsoverlast voor omwonenden terugdringen door nieuwe, stillere toestellen in te kopen.  ( 4 min )

De leden van de vakbonden hebben donderdag ingestemd met het onderhandelingsresultaat tussen VDL en de bonden voor een sociaal plan bij autofabriek Nedcar in Born. Er komt een ontslagvergoeding, maar er moet ook overgewerkt worden om de productie in te lopen.  ( 4 min )

De rente van de Europese Centrale Bank gaat voor de achtste keer op rij omhoog en komt daarmee uit op 3,5 procent. Zo hoopt de ECB de inflatie onder de duim te krijgen. De Amerikaanse centrale bankenkoepel heeft uit angst voor een recessie de rentestijgingen juist gepauzeerd.  ( 5 min )

Investeringsmaatschappij Verlinvest wil chocoladefabrikant Tony's Chocolonely volledig overnemen. De Belgische investeerder is in handen van de familie De Spoelberch, die groot is geworden met bierbrouwer AB InBev. Hoeveel geld met de overname is gemoeid, is niet duidelijk.  ( 3 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de zesde aflevering kijken ze naar hoe het misging bij Phillips. Dit is de een-na-laatste aflevering van deze serie.  ( 3 min )

De Nederlandse programmeur Bram van der K. gaat 2,5 jaar de cel in vanwege zijn betrokkenheid bij Megaupload, een website waarop bestanden gedeeld konden worden. De slepende zaak in Nieuw-Zeeland duurde elf jaar.  ( 4 min )

Het Europees Parlement wil misbruik van spionagesoftware strenger aan banden leggen. De leden roepen op tot beter onderzoek naar spywareprogramma's zoals Pegasus, zodat de veiligheid van burgers beter wordt beschermd. Ook moeten er duidelijke afspraken komen over de programma's en mogen lidstaten er geen misbruik van maken.  ( 4 min )

Trustkantoor TMF heeft een boete van ruim 3 miljoen euro opgelegd gekregen. Het kantoor is weer in de fout gegaan met een slecht uitgevoerd onderzoek naar klanten. TMF moet beter op de geldstromen van zijn cliënten letten om witwaspraktijken en financiering van terrorisme te voorkomen.  ( 3 min )

De rente van de Europese Centrale Bank gaat voor de achtste keer op rij omhoog en bereikt daarmee 3,5 procent. Zo hoopt de ECB de inflatie onder de duim te krijgen. De Amerikaanse centrale bankenkoepel heeft op dezelfde dag juist een pauze aangekondigd van de rentestijgingen, uit angst voor een recessie.  ( 5 min )

In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar Zweden was daar vorige maand een uitzondering op. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.  ( 4 min )

In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar Zweden was daar vorige maand een uitzondering op. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.  ( 4 min )

De bitcoin is voor het eerst in drie maanden gezakt tot onder de 25.000 dollar. Enkele uren nadat de Amerikaanse centrale bank had aangekondigd de renteverhoging tijdelijk te pauzeren, kelderde de grootste cryptomunt naar 24.800 dollar.  ( 3 min )

In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar in Zweden ging dat vorige maand minder hard dan verwacht. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.  ( 4 min )

De Britse pubketen Fuller's heeft een deel van het personeelstekort opgelost door meer mensen aan te nemen die ouder zijn dan vijftig of niet eerder in de horeca hebben gewerkt.  ( 3 min )

Er trekken de laatste jaren veel miljonairs weg uit het Verenigd Koninkrijk. Vorig jaar verlieten zestienhonderd van hen het land, dit jaar verdubbelt dat aantal waarschijnlijk. Dat komt grotendeels door de Brexit.  ( 4 min )

Zeventien muziekuitgevers slepen Twitter voor de rechter. Ze eisen omgerekend ruim 230 miljoen euro van het bedrijf van Elon Musk. Op het platform zijn zeker zeventienhonderd liedjes onrechtmatig gedeeld.  ( 3 min )

De Europese Unie moet de uitstoot van broeikasgassen in 2040 met 90 à 95 procent hebben teruggedrongen ten opzichte van het niveau van 1990. Alleen zo kan de EU zich houden aan de internationale klimaatafspraken en haar "eerlijke bijdrage" leveren in de wereldwijde strijd tegen klimaatverandering, stelt een belangrijke adviseur van de Europese Commissie.  ( 6 min )

De werkloosheid in Nederland blijft laag. Hoewel het aantal mensen zonder baan in mei licht is toegenomen tot 3,5 procent, is de arbeidsmarkt nog steeds erg krap.  ( 3 min )

The Dow Jones Industrial Average rose 1.3%, or about 430 points, after retail sales data showed Americans are still upping their spending, a sign of resilience amid slowing inflation.  ( 1 min )

Investors' enthusiasm for tech stocks and optimism that the Fed will slow rate hikes lifts markets.  ( 1 min )

U.S. equities advanced at midday on June 15, 2023 as tech stocks climbed after the Fed paused rate hikes.  ( 1 min )

The European Central Bank is expected to keep hiking interest rates and initial jobless claims are expected to drop lower. Here’s what investors need to know today.  ( 1 min )

Kroger sales missed estimates, and its outlook was at the low end of expectations as customers watched how much they spend.  ( 1 min )

Shares of Mediterranean fast-casual restaurant chain CAVA skyrocketed in their first day of trading on the NYSE.  ( 1 min )

Twitter has still not paid rent on its office spaces, and Elon Musk told an advisor he would pay rent "over his dead body," according to a lawsuit.  ( 8 min )

Republicans have been clamoring to rescind billions of dollars in additional funding provided for the Internal Revenue Service as part of last year’s Inflation Reduction Act. They succeeded to an extent as part of the recent deal between House Speaker Kevin McCarthy and President Joe Biden to raise the debt limit, which also clawed back $21.4 billion from the tax agency. A new study suggests that deal could be costly. Researchers at the Treasury Department, Harvard University and The University  ( 7 min )

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The Nasdaq is even more extended despite a hawkish Fed outlook.  ( 13 min )

Year-to-date, the S&P 500 has delivered an impressive return of 14%. However, those gains are a bit deceiving as the bulk of the upside has been driven by only a few selected stocks, namely the tech Mega Caps (AAPL, MSFT, NVDA, META, AMZN). If we exclude those five stocks, the index has only advanced by 5%. While one could argue that the market is due for a cooling down period after such a rally, Goldman Sachs Chief U.S. Equity Strategist David Kostin suggests otherwise, citing past evidence. “P  ( 10 min )

The Fed hit the brakes on its rate-hiking cycle at Wednesday's meeting. Discover the implications for money market accounts.  ( 17 min )

(Bloomberg) -- Fast-casual restaurant chain Cava Group Inc. exceeded its target by raising $318 million in an initial public offering, the biggest listing on a US exchange in six weeks.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, An  ( 7 min )

“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.  ( 7 min )

(Bloomberg) -- DoubleLine Capital’s Jeffrey Gundlach doesn’t believe the Federal Reserve will continue to raise interest rates anytime soon despite Fed Chair Jerome Powell signaling the resumption of monetary tightening. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok Lifestyle  ( 6 min )

Rates on bank accounts and CDs have already surged to their highest level in almost 16 years, and may rise further, giving you many options to earn 5% or more on your cash.  ( 22 min )

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(Bloomberg) -- Tesla Inc. shares snapped their record-setting 13-day winning streak Wednesday, as a hawkish stance from the Federal Reserve and market technicals took some steam off the rally. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit  ( 7 min )

After inflation cooled, investors are expecting a pause in the Federal Reserve's rate hiking campaign that has pushed interest rates to the highest level since 2007.  ( 6 min )

The data showing that remote workers spend fewer hours working, less productively, is really starting to add up.  ( 10 min )

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The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting—putting neither upward nor downward pressure on the rates banks offer on certificates of deposit.  ( 16 min )

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'The bears may have the upper hand right now,' says Alex Kuptsikevich, an analyst at FXPro.  ( 22 min )

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Officials are likely to pause in June but signal a willingness to raise rates again to tame inflation.  ( 7 min )

Jurors in a federal court in New Jersey have awarded $25.6 million to a former regional Starbucks manager who alleged that she and other white employees were unfairly punished by the coffee chain after the high-profile 2018 arrests of two Black men at one of the chain's Philadelphia locations. Shannon Phillips won $600,000 in compensatory damages and $25 million in punitive damages on Monday after an eight-member jury decided after five hours of deliberation that race was a determinative factor in Phillips' firing, in violation of federal and state anti-discrimination laws, Law360 reports. In April 2018, a Philadelphia store manager called police on two Black men who were sitting in the coffee shop without ordering anything.  ( 8 min )

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Adding generative AI into Meta's universe will lead people to spend more time on the apps, an analyst says.  ( 22 min )

The Federal Reserve has paused its most aggressive round of interest rate rises since the 1980s.  ( 37 min )

We are a dual-income couple in our mid-50s with over $2 million in our 401(k)s. Should we "sacrifice" the pre-tax benefit and switch to Roth contributions at work? -Wendy Like most tax-related questions, the answer is "it depends." Based on … Continue reading → The post Ask an Advisor: We're in Our Mid-50s and Have $2 Million in Our 401(k)s. Should We Pivot to Roth Contributions? appeared first on SmartAsset Blog.  ( 10 min )

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EV stocks are having an AI-like trading moment.  ( 8 min )

The founder said Bitcoin could eventually make up 80% of the crypto market.  ( 8 min )

A boycott has made the beer's sales sink. Still, an analyst argues that the stock of AB InBev, which owns the Bud Light brand, has dropped too far.  ( 25 min )

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Positioning and expectations explain why the Binance case drove prices down but markets rebounded after Coinbase.  ( 9 min )

Shares of the fintech have gained more than 100% this year. BTIG says the stock has more room to run.  ( 22 min )

Berkshire Hathaway Inc., led by CEO Warren Buffett and Vice Chairman Charlie Munger, is a compound interest machine, achieving a return of about 2 million percent on its initial value — equivalent to a 20,000 to 1 ratio. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families The men accomplished this feat was accomplished by astutely investing the company’s capital in a variety of businesses, all while exercising caution in borrowing. Having wi  ( 8 min )

Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to approximately 18 million shares. Dorsey's pre-tax earnings from the Twitter sale amounted to $978 million. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families The true source o  ( 7 min )

(Bloomberg) -- It’s time to exit the “cash trap” of money market funds and move into bonds as the Federal Reserve is set to pause its rate-hike campaign and then cut as soon as September, according to Wall Street veteran Bob Michele.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyTrump Urges Prosecutors to Drop Case, Offers Defense PreviewKen Griffin Ramps Up Credit Bets, Anticipating US Reces  ( 6 min )

Everyone is always on the lookout for the best possible deal – that applies to all walks of life, be it at the supermarket, the top echelons of sport, or the investing world. That said, finding the best deal in the stock market could be a complex endeavor because, while it is probably easy to find equities priced in a low range, there might be a good reason why said names are going for cheap. Therefore, a little help in discerning which stocks are just not worth the time of day and which ones ar  ( 9 min )

My wife and I are both 65 years old. She will retire this year and I'll work until I'm 67. We'll get about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 per … Continue reading → The post Ask an Advisor: We're 65, Have $1 Million Saved and $42K in Social Security Benefits. Can We Live on $90K Per Year? appeared first on SmartAsset Blog.  ( 8 min )

Retirees can now earn money for life by giving some of their IRA savings to charity.  ( 23 min )

(Bloomberg) -- Charles Schwab Corp. expects its revenue to slide as much as 11% in the second quarter compared to a year earlier, the company’s Chief Financial Officer Peter Crawford said in a statement Wednesday.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyTrump Urges Prosecutors to Drop Case, Offers Defense PreviewKen Griffin Ramps Up Credit Bets, Anticipating US RecessionPutin’s Economic  ( 7 min )

Yale's Sonnenfeld and Tian retrace presidential hopeful Vivek Ramaswamy's business record.  ( 10 min )

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Healthcare stocks are having a chaotic morning on expectations that seniors are seeking out elective medical care in greater numbers after a post-pandemic lull. Health insurers that pay for care are down, while providers are rising. Here’s what you need to know. UnitedHealth Group executives sai  ( 21 min )

Anheuser-Busch InBev's Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Sales of Bud Light and Budweiser dropped 24.6% and 9.2%, respectively, for the four weeks ended June 3 from a year earlier, while Modelo Especial sales rose 10.2%, according to consulting company Bump Williams, which sources data from NielsenIQ. In May, AB InBev CEO Michel Doukeris said it was too early to have a full view of the impact due to the backlash.  ( 7 min )

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When you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some great discounts. But no matter your age, you don't get … Continue reading → The post Do Seniors Ever Stop Filing Taxes? appeared first on SmartAsset Blog.  ( 9 min )

Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.  ( 8 min )

Some people who already receive Social Security benefits are automatically enrolled in Medicare when they turn 65. That's not the case for everyone, though. People who haven't started collecting Social Security will need to register for Medicare, but signing up … Continue reading → The post Are You Automatically Enrolled in Medicare at Age 65? appeared first on SmartAsset Blog.  ( 8 min )

U.S. producer prices fell more than expected in May and the annual increase in producer inflation was the smallest in nearly 2-1/2 years, strengthening the case for the Federal Reserve to skip raising interest rates on Wednesday. The producer price index for final demand dropped 0.3% last month on lower energy costs after rising by an unrevised 0.2% in April, the Labor Department said on Wednesday. In the 12 months through May, the PPI climbed 1.1%.  ( 6 min )

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Citi analyst Jeff Chung thinks something good is about to happen at the Chinese electric-vehicle maker.  ( 22 min )

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'More seniors are just more comfortable accessing services for things that they might have pushed off a bit like knees and hips,' the health insurer says.  ( 22 min )

The electric-vehicle company hiked the tags of its Model Y crossover, further reversing the trend of this year’s dramatic price cuts across the sector.  ( 22 min )

AMD shares remain a hot ticker on Yahoo Finance as it reveals its new super chip.  ( 8 min )

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The computer peripherals maker announced that CEO Bracken Darrell is stepping down to “pursue another opportunity.”  ( 22 min )

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The Fed will decide whether to raise interest rates for an eleventh time amid ongoing inflation and some concerns about a possible recession.  ( 11 min )

The biggest European oil company is boosting distributions to 30% to 40% of cash flow, compared with current rates of 20% to 30%.  ( 22 min )

LONDON/HONG KONG (Reuters) -Vodafone and CK Hutchison finally unveiled the merger of their British operations on Wednesday, pledging to create the country's largest mobile operator to boost competition and invest $14 billion in the country. Vodafone will own 51% and Hutchison 49% of the combined group, which will be led by current Vodafone UK boss Ahmed Essam, the companies said. Current Three UK finance chief Darren Purkis will take the same role in the new group.  ( 7 min )

↘️ UnitedHealth (UNH), Humana (HUM), Assurant (AIZ): Health insurers’ shares fell in offhours trading. The possible culprit: UnitedHealth’s financ  ( 20 min )

(Bloomberg) -- Nvidia Corp. made some astute stock buybacks last year ahead of a monster rally fueled by the artificial intelligence frenzy. Now the chipmaker is drawing attention because it stopped buying.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2  ( 9 min )

Bitcoin maximalist Michael Saylor has said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalised down to a bitcoin (BTC)-focused industry.  ( 7 min )

(Bloomberg) -- Ken Griffin, whose hedge fund churned out a record $16 billion for clients last year, is increasing his focus on credit trading as he braces for a potential US recession.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Million to Be Cons  ( 8 min )

The chip maker's big product launch may have left investors feeling uninspired but it can still challenge Nvidia, according to one analyst.  ( 25 min )

Advanced Micro Devices launches a new AI chip to challenge Nvidia's dominance in the space, Nvidia closes with a market cap above $1 trillion, Tesla finishes higher for a record 13th consecutive session, and Logitech's CEO is resigning.  ( 22 min )

(Bloomberg) -- Global oil demand growth will taper off over the next few years as high prices and Russia’s invasion of Ukraine speed up the transition away from fossil fuels, the International Energy Agency said. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They  ( 9 min )

Nasdaq is dropping Rivian because it shrunk too much.  ( 8 min )

The energy major Shell said it will share billions more from its record profits with investors while deepening its commitment to the oil-and-gas businesses that produce the highest returns. .  ( 29 min )

Swiss citizens vote this weekend on whether to raise business tax to 15% from an average of 11% to align with a global minimum tax rate, although even with the rise the country would still have one of the lowest corporate tax levels in the world. In 2021 almost 140 countries including Switzerland agreed to an Organisation for Economic Cooperation and Development (OECD) deal to ensure large companies pay a minimum tax rate of 15%, to prevent them trying to avoid taxation by transferring profits to low tax countries. The Swiss government backs the change and according to a poll by researchers GFS Bern, 73% of voters will support the move under Switzerland's system of direct democracy, where legislation is put to the public vote.  ( 7 min )

(Bloomberg) -- Shell Plc will increase its dividend 15% and boost natural gas production as new Chief Executive Officer Wael Sawan refocuses on the fossil fuels that drove record profits last year.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Millio  ( 7 min )

Soaring interest rates, slowing economic growth and a banking sector still recovering from a March rout might suggest a note of market caution, yet world stocks are at 14-month highs, the S&P 500 stock index has entered a bull market and gauges of volatility are eerily calm. BNP Paribas estimates excess global liquidity has risen by $640 billion since the end of third quarter of 2022 and is "unsustainable" when some central banks are trying to offload bonds they hold in a process known as quantitative tightening. The Federal Reserve in March loosened financial conditions with an emergency credit facility for cash-starved banks, Japan's central bank is still buying government bonds to push money into the system, and the European Central Bank is selling down the government bonds it holds at a relaxed pace.  ( 9 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Initiation at Affirm, downgrades at Ballard Power Systems, Catalent, and California Water Service. BTIG initiated coverage on Affirm (NASDAQ:AFRM) with a Sell rating and a price target of $10.00. While noting that Affirm is a leading buy-now-pay-later operator which has exhibited strong gross merchandise volume growth since its IPO, BTIG said that the company’s business model is under pressure as we enter a new stage in the macro environment where discretionary spend is tightening quickly.  ( 7 min )

Many investors are aggressively buying call options right now. Think of it as the equivalent of them holding their noses and buying stocks.  ( 22 min )

Prices of XRP, which powers some of Ripple Labs’ payment services, reversed gains that followed the release of internal SEC documents related to the lawsuit against Ripple.  ( 8 min )

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters. The remarks came during an AMD event where the chip company outlined its strategy for the AI market, which is dominated by rival Nvidia Corp. Despite AMD disclosing some technical specifications for an AI chip coming later this year that could in some ways beat Nvidia's best current offerings on some metrics, the news sent shares down after AMD did not disclose a flagship customer for the chip.  ( 7 min )

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The Fed hit the brakes on its rate-hiking cycle at Wednesday's meeting. Discover the implications for money market accounts.  ( 16 min )

A corporation is a legal entity that is separate and distinct from its owners and has many of the same rights and responsibilities as individuals.  ( 23 min )

Financial therapy merges finance with emotional support to help people cope with financial stress.  ( 20 min )

Cashier's checks and certified checks are both official bank-issued payments that offer more security than personal checks, but one may be safer.  ( 22 min )

Central banks use various methods to change the money supply, such as adjusting reserve requirements, changing interest rates, and adjusting the fed funds rate.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

A triple net lease (NNN) helps landlords reduce the risk in a commercial lease. Additional types of commercial leases include single net leases (N) and double net leases (NN).  ( 23 min )

Markets ended mixed on forecast the Fed may pause rate increases, and declines in healthcare stocks.  ( 16 min )

The Dow fell 230 points after the Fed holds rates steady, but hints more rate hikes to come  ( 17 min )

Rates on bank accounts and CDs have already surged to their highest level in almost 16 years, and may rise further, giving you many options to earn 5% or more on your cash.  ( 20 min )

If you've found your next home and it's in your budget, you're likely going to want to know how to apply for a mortgage loan. Read on to learn how.  ( 22 min )

UnitedHealth shares tumbled after warning that more seniors are choosing to have elective surgeries, driving up costs.  ( 16 min )

The International Energy Agency says global oil demand could peak by 2028.  ( 17 min )

Already-high rates on certificates of deposit may not have reached their peak, a closely-watched indicator of future interest rates suggests.  ( 15 min )

A Regional Check Processing Center (RCPC) is a local Federal Reserve facility where checks that are drawn on depository institutions are processed overnight.  ( 19 min )

Early withdrawals from an IRA trigger taxes and a 10% penalty. But sometimes, early distributions are tax free and penalty free.  ( 26 min )

Ready for the high-risk, high-return hedge fund investments? Here is a list of the top hedge fund investment firms.  ( 26 min )

The Fed funds rate was untouched this month, putting neither upward nor downward pressure on the rates banks offer on high-yield savings accounts.  ( 14 min )

VantageScore is a consumer credit rating product similar to the FICO score. It is used by many creditors to assess the risk of lending money to a potential borrower.  ( 24 min )

Lenders can charge utilization fees when borrowers use more than a certain percentage of their available credit on a revolving line or term loan.  ( 22 min )

Deficit net worth occurs when an individual or a company's total liabilities exceed their total assets.  ( 22 min )

The Uniform Consumer Credit Code (UCCC) provides guidelines for laws related to the all types of credit products. It has been enacted by 11 states.  ( 22 min )

Brokered CD rates tend to surpass those of traditional bank and credit union offerings. Find out why brokerage firms are willing to pay a better return on CDs.  ( 17 min )

A hard inquiry is a type of credit information request that includes a borrower’s full credit report and deducts points from a borrower’s credit score.  ( 24 min )

Whether you need life insurance in retirement depends on how much debt you have, your inheritance goals, and if you have dependents who still rely on you.  ( 25 min )

The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting—put neither upward nor downward pressure on the rates banks offer on certificates of deposit.  ( 16 min )

The American Customer Satisfaction Index (ACSI) is an economic indicator based on a survey of U.S. consumers about products and services they use.  ( 20 min )

Yes, you do. But you may be able to get some coverage through your personal auto policy or a credit card. Here's how to decide when it's worth it to pay for coverage.  ( 23 min )

In a widely expected move, the central bank held the fed funds rate unchanged Wednesday.  ( 16 min )

A customer is a person or business that purchases the goods or services of another business. Learn how companies study customers and the importance of customer service.  ( 21 min )

Learn more about Investopedia's Financial Review Board, who’s on it, and how articles on Investopedia are reviewed.  ( 27 min )

The largest carmaker in the world is also one of the largest companies across any industry. Here is how Toyota makes money.  ( 22 min )

Fibonacci extensions are a method of technical analysis commonly used to aid in placing profit targets.  ( 22 min )

In the financial world, risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions.  ( 27 min )

Clean sheeting is the fraudulent act of purchasing a life insurance policy without disclosing a pre-existing terminal illness or disease.  ( 19 min )

U.S. equities were mixed midday on June 14, 2023 following moves by stocks in the healthcare sector, and ahead of the Fed's decision on interest rates.  ( 16 min )

Top cannabis stocks in June include SNDL Inc., TerrAscend Corp., and Curaleaf Holdings Inc., which together lead the industry in revenue growth.  ( 20 min )

Producer prices fell more than economists expected in May as gasoline costs declined.  ( 16 min )

Dark pools of liquidity allow big investors to trade away from the public eye. They limit market impact but may leave small investors in the cold.  ( 19 min )

Vodafone and CK Hutchison said they would merge their U.K. mobile phone businesses.  ( 16 min )

Discover three Vanguard fixed-income funds that have historically outperformed their benchmark indexes, and learn about their characteristics.  ( 24 min )

Schedule 14C lays out certain disclosure requirements for companies with securities registered with the Securities and Exchange Commission.  ( 19 min )

Top CD rates range from 4.68% to 5.35% APY—higher than they've been in years. If you're getting a tax refund, investing in a top CD could lock in a high rate for a long time.  ( 18 min )

U.S. commercial office property faces an array of problems, meaning more pain lies ahead for a market that already has lost a third to half of its value.  ( 20 min )

Section 1231 refers to the tax on a gain from the sale of a depreciable business property that has been held for over a year.  ( 24 min )

Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.  ( 24 min )

Money market accounts offer high interest rates for savers right now, but with the Fed expected to pause rate hikes today, it might be a better time to consider a CD.  ( 17 min )

Aa2 is the third-highest long-term credit rating that Moody’s assigns to fixed income securities that are of high quality with very low credit risk.  ( 18 min )

The Latvian lats (LVL) was the national currency of the Republic of Latvia, a Baltic nation that is a member of the European Union.  ( 18 min )

With the Fed’s decision on interest rates due today, you may want to lock in higher yields with a CD. But if you tap the funds early, it will trigger early withdrawal penalties.  ( 17 min )

These are the financial stocks with the best value, fastest growth and most momentum for June.  ( 21 min )

Opening a CD should be decided based on when you'll need the money and whether you think interest rates will rise or fall in the future.  ( 18 min )

A gearing ratio measures a company's financial leverage. Although gearing ratios vary by industry, there are some guidelines for what's a good, bad, or normal gearing ratio.  ( 22 min )

A home inspection is an examination of the condition and safety of a piece of real estate, often conducted when the home is being sold.  ( 25 min )

Experts say businesses have a lot of options for storing their money safely—and they don’t necessarily involve stashing their cash with “too-big-to-fail” megabanks.  ( 18 min )

The Federal Reserve will announce its decision on interest rates and AMD is releasing a new GPU chip in a challenge to Nvidia. Here’s what investors need to know today.  ( 18 min )

The Roaring Twenties saw an abrupt end in 1929 when the stock market crashed, fueling the Great Depression and sparking a nearly 90% loss in the Dow.  ( 26 min )

Working capital is the amount of money a company has available to pay its short-term expenses. Cash flow is the amount of money going in and out of the company.  ( 22 min )

Wholesale banking includes banking services such as currency conversion and large trade transactions between investment banks and other large institutions.  ( 25 min )

Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.  ( 34 min )

A demand draft is a method used by individuals to make transfer payments from one bank account to another.  ( 23 min )

Roth IRAs can be useful vehicles for FIRE planning. In this guide, we’ll explain why and how to use them.  ( 22 min )

De gemiddelde prijs van een recreatiewoning steeg afgelopen jaar met 25 procent tot bijna 223.000 euro. Met name huizen in de buurt van water zijn gewild en drijven de gemiddelde prijs op.  ( 3 min )

De Amerikaanse Federal Reserve (Fed) maakt even pas op de plaats met het verhogen van de rente in de strijd tegen de inflatie. De Amerikaanse centralebankenkoepel had daarvoor tien keer op rij de rente verhoogd. Mogelijk kan er wel een verdere renteverhoging in juli komen.  ( 4 min )

De prijs van gas schoot de afgelopen weken in korte tijd flink de hoogte in. Begin deze maand kostte een megawattuur nog 23 euro, inmiddels wordt bijna de 40 euro aangetikt. Hoe kan dat? En wat betekent het voor je energierekening?  ( 5 min )

De kinderbijslag gaat de komende kwartalen omlaag. Het gaat om een bedrag van 8 tot 11,50 euro per kind per kwartaal.  ( 3 min )

In Google Maps zijn vernieuwde 3D-beelden te zien van Amsterdam. Dat moet ervoor zorgen dat de stad een stuk realistischer oogt in de app.  ( 3 min )

Rusland heeft in december de export van olie naar Noord-Korea hervat. Dat blijkt uit gegevens van de Verenigde Naties. Het gaat om de eerste leveringen sinds 2020. De twee landen zijn bezig de banden aan te halen sinds de Russische invasie van Oekraïne.  ( 2 min )

Elektronicaketen BCC wil verder met kleinere winkels met minder assortiment. Ook is afgelopen maand een kwart van de 190 medewerkers op het hoofdkantoor ontslagen. Dit moet helpen om weer winst te behalen.  ( 3 min )

De Europese Commissie verdenkt Google ervan zijn macht op de online reclamemarkt te misbruiken. Het Amerikaanse bedrijf moet vrezen voor een boete die tot in de miljarden euro's kan oplopen.  ( 3 min )

De Turkse president Recep Tayyip Erdogan blijft vasthouden aan zijn bekritiseerde monetaire beleid om de rente laag te houden. "Mensen moeten niet de misvatting hebben dat de president op weg is naar een serieuze verandering in het rentebeleid. Ik ben hetzelfde."  ( 3 min )

De torenhoge aardgasprijs zorgde er vorig jaar voor dat ook de prijs van elektriciteit recordhoogtes bereikte. Tegelijk zorgden goedkope zonne- en windstroom soms juist voor bodemprijzen. Dit jaar was de stroomprijs op de groothandelsmarkt al 125 uur negatief: wie stroom wilde inkopen, kreeg geld toe. Hoe kan dat?  ( 5 min )

De waarde van de Russische roebel is gezakt naar het laagste punt sinds april vorig jaar. Voor een dollar moet je nu 84,46 roebel neerleggen. De munt daalde onder meer doordat olie minder duur is geworden.  ( 3 min )

De eenarmige bandiet, zoals de gokkast in een ver verleden werd genoemd, verdwijnt uit het straatbeeld. In steeds minder horecazaken staat er eentje, blijkt uit cijfers die NU.nl opvroeg bij de Kansspelautoriteit.  ( 3 min )

Shell gaat kosten besparen, eigen aandelen inkopen en meer dividend uitkeren aan zijn aandeelhouders. Dat alles moet ertoe leiden dat de aandeelhouders blijer zijn met het bedrijf.  ( 3 min )

Zweden hoopt dit najaar te kunnen zeggen wie er achter de explosies zat van de Nord Stream-gasleidingen. Dat heeft de leider van het onderzoeksteam gezegd in een interview met de Zweedse radio.  ( 3 min )

Shell gaat kosten besparen, eigen aandelen inkopen en meer dividend uitkeren aan zijn aandeelhouders. Dat alles moet ertoe leiden dat de aandeelhouders blijer zijn met het bedrijf.  ( 3 min )

Ahold Delhaize, het moederbedrijf van supermarktketens Albert Heijn en Delhaize, verdient steeds meer geld met andere activiteiten dan het verkopen van boodschappen. Advertentieverkoop op de eigen sites en het doorverkopen van data over consumentengedrag moeten in 2025 zo'n 1 miljard euro in het laatje brengen.  ( 3 min )

De NS heeft bij toezichthouder ACM een aanvraag ingediend om ook na 2025 internationale treinen te blijven rijden. Dat was nodig, want wie na dat jaar treinen wil laten rijden naar bijvoorbeeld Parijs of Londen, moest dat voor vandaag laten weten.  ( 3 min )

De prijsstijging van de basisboodschappen lijkt ten einde. In de afgelopen twee jaar werd een kar gevuld met 55 zogenoemde basisproducten 30 procent duurder. In de eerste maanden van dit jaar werd dezelfde kar al een paar keer iets voordeliger. Dat blijkt uit cijfers van marktonderzoeker GfK die NU.nl opvroeg.  ( 4 min )

Markets ended mixed on forecast the Fed may pause rate increases, and declines in healthcare stocks.  ( 1 min )

The Dow fell 230 points after the Fed holds rates steady, but hints more rate hikes to come  ( 1 min )

U.S. equities were mixed midday on June 14, 2023 following moves by stocks in the healthcare sector, and ahead of the Fed's decision on interest rates.  ( 1 min )

The Federal Reserve will announce its decision on interest rates and AMD is releasing a new GPU chip in a challenge to Nvidia. Here’s what investors need to know today.  ( 1 min )

UnitedHealth shares tumbled after warning that more seniors are choosing to have elective surgeries, driving up costs.  ( 1 min )

Vodafone and CK Hutchison said they would merge their U.K. mobile phone businesses.  ( 1 min )

The investing game can appear complicated as there are many issues to consider before leaning into a stock: Is the time right to load up? Are the shares overvalued? Will a beaten-down stock ever recover? All of these concerns are valid, but there are ways to simplify the process, such as examining insiders’ actions. By insiders, we refer to corporate officers who operate “on the inside” and are responsible for the performance of the companies they work for. After all, they have knowledge not ava  ( 10 min )

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Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.  ( 8 min )

Young workers and their efforts to redefine what success looks like will significantly transform how companies retain and develop talent.  ( 11 min )

Understand more about The Coca-Cola Company and PepsiCo. Learn about the key similarities and differences that have made both companies good investments for years.  ( 22 min )

"Commercial real estate has come under pressure" says Goldman Sachs CEO David Solomon.  ( 8 min )

A preliminary report by the U.S. Chemical Safety and Hazard Investigation Board suggests that supervisors at the Ohio BP-Husky refinery continued to run the plant despite several malfunctions and a petroleum spill hours before an accident that killed two workers last year. The report, posted following The Wall Street Journal article about the preliminary findings, says that a morning valve failure resulted in a large spill of highly flammable naphtha in September 2022. Thus managers had to shut  ( 7 min )

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I recently attended a retirement seminar at a local community college where the instructor talked about potentially higher tax rates in retirement due to the new RMD age. I have been under the impression throughout my saving career that tax … Continue reading → The post Ask an Advisor: How Can Tax Rates Be Higher in Retirement Than Your Earning Years? appeared first on SmartAsset Blog.  ( 10 min )

The hydrogen fuel cell name issued upbeat 2023 sales guidance  ( 6 min )

(Bloomberg) -- The US plans to purchase about 12 million barrels of oil this year as it begins to refill its depleted emergency reserve amid falling crude prices, according to two people familiar with the matter. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOPutin’s Economic Forum Pu  ( 7 min )

The May inflation rate was 4%, below top CD rates at terms ranging from 6 months to 5 years. The best-paying CDs could help to mitigate the impact of inflation on your savings.  ( 19 min )

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Wall Street analysts wield a lot of influence. A favorable or unfavorable mention of a stock by a well-known analyst or brokerage can move a stock up or down by several percentage points overnight. In the case of a downgrade or severe price target slash, it can take weeks or longer for a stock to recover. An upgrade or downgrade can also spur other analysts to announce similar new ratings, leading to even larger gains or losses. This week, three very different real estate investment trusts (REIT  ( 10 min )

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Warren Buffett — the Oracle of Omaha — is widely regarded as one of the greatest investors of all time. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families Berkshire Hathaway Inc. (NYSE: BRK-A) has returned tens of thousands of percent over the years and consistently outperforms the market. Buffett purchased the company for just $8.3 million in 1965, and it’s now valued at nearly $700 billion, roughly a 10 million percent return. But one of  ( 8 min )

More than 40 automakers who are operating in the world’s greatest EV market, China, have been joining a price war that got started by the EV king himself, Tesla Inc (NASDAQ: TSLA). On Monday, Nio Inc (NYSE: NIO) showed it succumbed to earnings losses and weaker sales when the Chinese EV maker stated that it will be lowering prices for its models. Nio also stated that it will no longer be providing free battery swapping services to new buyers. Taking A Page From The Book of Tesla As of June 12th,  ( 8 min )

If the stock hits $190.734, the company will notch a historic $3 trillion market value.  ( 22 min )

Toyota Motor Corp. has announced plans to roll out a new line of solid-state batteries that will give its electric vehicles (EVs) a longer range and trim production costs.  ( 8 min )

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The May CPI report out Tuesday showed price increases continue to moderate, likely securing a pause in the Federal Reserve's rate hiking campaign that has pushed interest rates to the highest level since 2007.  ( 7 min )

The U.S. Department of Defense announced a new $2.1 billion security assistance package for Ukraine. The package includes funding for additional munitions for Patriot air defense systems, HAWK air defense systems and missiles, Puma unmanned aerial systems, laser-guided rocket system munitions, 105 mm and 203 mm artillery rounds as well as support for training and maintenance. The new funding is being provided under the Ukraine Security Assistance Initiative (USAI). “This USAI package illustrates  ( 9 min )

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Airline stocks have lifted off as the summer travel season picks up.  ( 8 min )

ZIM Integrated Shipping Services, Nikola Corp, and CIRCOR International lead for value, growth, and momentum, respectively  ( 21 min )

The increase in Tesla's market capitalization over the past 13 days is getting very close to the entire market cap of Toyota.  ( 22 min )

Oracle shares soar on AI buzz, lifting Ellison’s net worth.  ( 7 min )

(Bloomberg) -- US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The details offer signs it might become a full stop.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOPutin’s Economic Forum Puts Russia’s Isolation o  ( 7 min )

Tyson Foods will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker's Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a decision to consolidate corporate offices, which Tyson announced in October, as the company grapples with high costs for cattle and easing demand for meat from cash-strapped consumers. Tyson will eliminate 177 employees from an office in downtown Chicago and 51 employees in suburban Downers Grove, Illinois, starting on July 31, according to the state.  ( 7 min )

With the S&P 500 rising more than 20% from its lows in October 2022, the benchmark index is now officially in a bull market. But according to Barry Knapp, managing partner at Ironsides Macroeconomics, danger could be looming in the distance. The macro expert is concerned about a recession. “The probability of a recession is much higher in mid-2023 than it was in 1994,” Knapp said in a recent CNBC interview. Knapp drew the comparison with 1994 because that’s when the Federal Reserve had another a  ( 9 min )

Softbank-backed Zume looks to sell off its assets.  ( 6 min )

Ryan Cohen's investment vehicle now owns 36.8 million GameStop shares for a 12.1% stake.  ( 22 min )

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How do you manage risk when no one agrees on what the risks will be? Markets are rising right now, but today’s higher interest rates threaten a credit crunch, among other things, which could dampen the positive sentiment. The inflation numbers from May, just 4% annualized, were better than expected, which could justify the Fed dialing back its monetary tightening – but we don’t know if that will happen in time. In short, optimistic sentiment collides with unpredictable conditions. The uncertain  ( 11 min )

Apple downgraded, Oracle upgraded: Wall Street's top analyst calls  ( 8 min )

The company's board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company's online expansion, fanning concerns about the videogame retailer's ailing business. Furlong's exit came as the company struggles to turn a corner after it posted a bigger-than-expected loss for the latest three months and missed revenue expectations, with net sales falling for a fourth straight quarter last week.  ( 7 min )

The Dallas Mavericks owner says consumers want to do business with companies that care about their customers.  ( 9 min )

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It probably is possible for most people to retire at age 55 if they have $2.5 million in savings. The ultimate answer, though, will depend on the interplay between various factors. These include your health, your anticipated retirement lifestyle and … Continue reading → The post Can I Retire at 55 With $2.5 Million? appeared first on SmartAsset Blog.  ( 9 min )

When making an estate plan, using a trust is a way to make passing assets - including both cash and physical assets - a bit easier. In fact, when using a trust, you can often allow your family to avoid … Continue reading → The post Do You Have to Pay Taxes on a Trust Inheritance? appeared first on SmartAsset Blog.  ( 8 min )

U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The Consumer Price Index (CPI) increased 0.1% last month as gasoline prices fell, the Labor Department said on Tuesday. The CPI gained 0.4% in April.  ( 7 min )

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Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.  ( 6 min )

Nearly half of retailers increased their loss prevention budgets in 2022, according to a recent survey.  ( 22 min )

Oracle stuck to its forecast of $65 billion in sales by 2026, but CEO Safra Catz says AI demand leaves the software company 'significant upside.'  ( 22 min )